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Restaurant

Fat Rosie's Taco & Tequila Bar

870 N Meacham Rd, Schaumburg, IL 60173

Listing Price: $3,805,000

Cap Rate
6.65%
Tenant Name
Fat Rosie's Taco & Tequila Bar
Years Remaining On Lease
8.1
Guarantor
Franchisee Guarantee
Rentable SF
6,655
Lease Type
Double Net
Rent Per Square Feet
$38.00

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in Fat Rosie’s Taco & Tequila Bar (the Property) located at 870 North Meacham Road in Schaumburg, Illinois, approximately 30 miles from downtown Chicago. The tenant has over 8 years remaining on the double net lease, guaranteed by Francesca’s Restaurant Group, a large restaurant operator with 29 locations in three states. The 6,655-square-foot Property is strategically located on the 32,000 vehicle-per-day North Meacham Road, with neighboring tenants including Potbelly, Roti, Panera Bread, TCF Bank, Starbucks, among numerous others. Additionally, the Property sits within immediate proximity to Woodfield Mall, the top-ranked tourist destination in the state of Illinois, consisting of over 230 stores throughout its 2.2 million square feet of retail space. This offering presents the unique opportunity to acquire a double net lease in the primary retail corridor of Schaumburg, Illinois, one of Chicagoland’s most desirable suburbs.

Investment Highlights

  • Excellent Location within Highly Trafficked Retail Corridor – 32,000+ VPD
  • Over 8 Years of Firm Term Remaining on Double Net Lease – Minimal Landlord Responsibilities
  • 10% Rental Escalations Every 5 Years in Firm Term and in the Two, Five-Year Renewal Options
  • Lease Guaranty from Experienced Restaurant Operator – 29 Locations & Six Restaurant Concepts

Exclusively Listed By

Restaurant

Fat Rosie's Taco & Tequila Bar

Listing Price: $3,805,000

Cap Rate
6.65%
Tenant Name
Fat Rosie's Taco & Tequila Bar
Years Remaining On Lease
8.1
Guarantor
Franchisee Guarantee
Rentable SF
6,655
Lease Type
Double Net
Rent Per Square Feet
$38.00

Investment Highlights

  • Excellent Location within Highly Trafficked Retail Corridor – 32,000+ VPD
  • Over 8 Years of Firm Term Remaining on Double Net Lease – Minimal Landlord Responsibilities
  • 10% Rental Escalations Every 5 Years in Firm Term and in the Two, Five-Year Renewal Options
  • Lease Guaranty from Experienced Restaurant Operator – 29 Locations & Six Restaurant Concepts

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in Fat Rosie’s Taco & Tequila Bar (the Property) located at 870 North Meacham Road in Schaumburg, Illinois, approximately 30 miles from downtown Chicago. The tenant has over 8 years remaining on the double net lease, guaranteed by Francesca’s Restaurant Group, a large restaurant operator with 29 locations in three states. The 6,655-square-foot Property is strategically located on the 32,000 vehicle-per-day North Meacham Road, with neighboring tenants including Potbelly, Roti, Panera Bread, TCF Bank, Starbucks, among numerous others. Additionally, the Property sits within immediate proximity to Woodfield Mall, the top-ranked tourist destination in the state of Illinois, consisting of over 230 stores throughout its 2.2 million square feet of retail space. This offering presents the unique opportunity to acquire a double net lease in the primary retail corridor of Schaumburg, Illinois, one of Chicagoland’s most desirable suburbs.

Exclusively Listed By

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