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Asking Price
NOI Net Operating Income
Cap Rate

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Property Description

JLL is pleased to offer Fat Rosie’s Taco & Tequila Bar for sale. Located in Schaumburg, Illinois, approximately 30 miles away from downtown Chicago, the property is positioned within the premier Schaumburg retail-office market and possesses unparalleled visibility along North Meacham Road (32,000 VPD). It attracts diners from the surrounding office market that generates a daytime population of over 36,000 within a one-mile radius. The property sits near the intersection of I-90 (224,000+ VPD) and I-290 (297,000+ VPD) along Meacham Road (32,000 VPD), demonstrating the high traffic volumes brought to the immediate area on a daily basis. The one-mile radius sustains over 5.8 million square feet of retail, 8.7 million square feet of office space, 20 hotels with over 2,800 rooms, two high schools and three higher education institutions

Schaumburg is one of the most desirable suburbs in all of Chicago with nearby Woodfield experiencing a development boom across all asset types. The immediate area brings a massive customer base for shopping, work, entertainment and more. Local employers include IBM, Zurich, Motorola and AT&T. The lease is guaranteed by Francesca's Restaurant Group, a large restaurant operator with 29 locations across six concepts in three states. Francesca’s first opened as a single restaurant operation in 1992 by Chef Scott Harris, an award-winning chef with experience in numerous well-known Chicago restaurants and over 30 years of industry experience.

Investment Highlights

• Fee-simple interest

• Immediate proximity to Woodfield Mall, hosting 27 million visitors annually

• Newly-leased asset with 10 years of primary term and two 5-year renewal options

• Operating on a double-net lease structure with limited landlord responsibilities

• Lease backed by a guaranty from Francesca’s Midwest Holdings, Inc. for the first 5 years of primary term

Last Updated Date: 26 Jun 2020
Nicholas Kanich
Senior Director, Capital Markets
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243

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Last Updated Date: 26 Jun 2020

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