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PERRY'S STEAKHOUSE & GRILLE | 20-YEAR GROUND LEASE

$7,448,000 | 6.25%

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1780 East Golf Road
Schaumburg, Illinois 60173

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Features

  • Award Winning Tenant has a 20-Year Ground Lease with Rental Increases
    • Perry’s Steakhouse & Grille has 20 Locations Across Three Concepts in Seven States
    • Lease Corporately Guaranteed by Perry’s Steakhouse & Grille
    • No Landlord Responsibilities
    • Rental Increases Every Five Years
    • All 20 Perry’s Locations have Received the 2020 Wine Spectator Award
    • Named One of the Top 100 Best Steakhouses in America by OpenTable
  • Restaurant is Operating at 100 Percent Capacity
  • Brand New Construction | Tenant Opened for Business October 2020
    • Restaurant Features a Three-Season, 1,253-Square Foot Patio
  • High Barrier-to-Entry, Infill Location with an Affluent Population
    • High Daytime Population | 130,000 People Work Within Three Miles of Subject Property
    • 363,315 People Live Within Five Miles of the Subject Property
    • Affluent Area | Average Household Income Within Five Miles is $113,132
    • Notable Nearby Tenants Include Macys, Nordstroms, Starbucks, Marshalls, HomeGoods, Apple, Trader Joes, Pet Smart, Costco, AMC and Many More
    • Schaumburg is Home to One of Only Two IKEA Stores in Illinois
  • Positioned Within the Hyatt Regency Hotel Campus in a Highly Distinguished and Trafficked Office and Retail Market
    • The Hyatt Regency Hotel has 468 Rooms and Over 30,000 Square Feet of Unique Event Space
      • The Hotel Recently Underwent a Complete Renovation in 2018
    • Centennial Center to the East of the Property has 276,215 Square Feet of Office Space
    • One and Two Century Centre have 453,121 of Combined Square Footage
    • The Hyatt Place Hotel has Combined 127 Rooms
  • Situated Directly Across the Street from Woodfield Mall | One of America’s Largest Malls
    • Nearly 300 Retailers, Eight Full-Service Restaurants and 30 Fast-Casual Restaurants
    • 27 Million Visitors Annually
    • 4,000 Employees
  • High Trafficked Area | Close Proximity to Two Interstates
    • High Traffic Counts Along Golf Road with 43,550 Vehicles per Day
    • Easily Accessible to Interstates 90 and 290 with 310,650 Combined Vehicles per Day

Contact

AUSTIN WEISENBECK
Senior Vice President Investments
Tel: (630) 570-2169
Austin.Weisenbeck@marcusmillichap.com
* Broker of Record: Steven Weinstock

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