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Fogo de Chão 15407 S La Grange Rd 7,222 SF 4-Star Retail Building Orland Park, IL 60462 For Sale 6.65% Cap Rate
Investment Highlights
- 15-Year Absolute NNN Lease to Fogo de Chão
- Outparcel to Orland Park Place Anchored by Dick’s Sporting Goods, Nordstrom Rack, Marshalls, Ross, Old Navy, Barnes & Noble & Kohl’s
- Acquired by Bain Capital in 2023 for $1.1 Billion
- Corporate Guaranty
- Scheduled Rental Escalations in Initial Term & Option Periods
Executive Summary
The subject property is approximately located with excellent access and visibility along LaGrange Road (41,600 AADT), a primary north-south thoroughfare. The site benefits from excellent access approximately 4.5 miles from the I-80 arterial (116,300 AADT). The site benefits from robust and dense demographics within a 5-mile radius, with a total daytime population of 157,119 and average household income of $133,823. Additionally, nearly 45% of the population having obtained a Bachelors’ degree or higher within a 3-mile radius.
The property benefits from a strategic location within a dense and dynamic retail corridor in Chicago’s southwest suburbs. The property is located outparcel to Orland Park Place, featuring Dick’s Sporting Goods, Nordstrom Rack, Marshalls, Ross, Old Navy, Kohl’s, Barnes & Noble, and more. Neighboring shopping centers include Lake View Plaza, anchored by Best Buy, Ulta, Petco, Dollar Tree, and more; Orland Towne Center, anchored by Walmart, Supercenter Five Below, Aldi, and PetSmart; Ravinia Plaza, anchored by Whole Foods; and Orland Square, anchored by Macy’s, JCPenney, and Von Maur. Other nearby retail tenants include Costco, Target, Lowe’s, Trader Joe’s, Walgreens, REI, Chick-fil-A, Chipotle, Five Guys, Marcus Theatres, and more.
Major area employers Tinley Park Convention Center and Odyssey Fun World are each located approximately 8 miles from the site. Tinley Park Convention Center hosts hundreds of major events each year hosting up to 6,500 people at each event, and Odyssey Fun World is a children’s amusement center. Nearby colleges include Moraine Valley Community College – SW Education Center (19,006 students); Chamberlain University, the largest nursing school in the U.S. with 26,000+ students; Rasmussen University – Mokena/Tinley Park (approximately 2,700 students); and Lewis University (approximately 4,000 students); as well as numerous elementary, middle, and high schools; driving significant traffic to the site from students, teachers, and parents.
ParaSell, Inc. | Costa Mesa, California | A Licensed Illinois Broker #478027307
The property benefits from a strategic location within a dense and dynamic retail corridor in Chicago’s southwest suburbs. The property is located outparcel to Orland Park Place, featuring Dick’s Sporting Goods, Nordstrom Rack, Marshalls, Ross, Old Navy, Kohl’s, Barnes & Noble, and more. Neighboring shopping centers include Lake View Plaza, anchored by Best Buy, Ulta, Petco, Dollar Tree, and more; Orland Towne Center, anchored by Walmart, Supercenter Five Below, Aldi, and PetSmart; Ravinia Plaza, anchored by Whole Foods; and Orland Square, anchored by Macy’s, JCPenney, and Von Maur. Other nearby retail tenants include Costco, Target, Lowe’s, Trader Joe’s, Walgreens, REI, Chick-fil-A, Chipotle, Five Guys, Marcus Theatres, and more.
Major area employers Tinley Park Convention Center and Odyssey Fun World are each located approximately 8 miles from the site. Tinley Park Convention Center hosts hundreds of major events each year hosting up to 6,500 people at each event, and Odyssey Fun World is a children’s amusement center. Nearby colleges include Moraine Valley Community College – SW Education Center (19,006 students); Chamberlain University, the largest nursing school in the U.S. with 26,000+ students; Rasmussen University – Mokena/Tinley Park (approximately 2,700 students); and Lewis University (approximately 4,000 students); as well as numerous elementary, middle, and high schools; driving significant traffic to the site from students, teachers, and parents.
ParaSell, Inc. | Costa Mesa, California | A Licensed Illinois Broker #478027307
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,222 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
2004/2025
Cap Rate
6.65%
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.09 AC
Parking
77 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
108’ on S La Grange Rd
Amenities
- Restaurant
Demographics
Demographics
1 mile
3 mile
5 mile
15 min drive
2024 Population
8,145
73,197
159,202
280,903
2029 Population
7,892
70,710
154,587
283,868
2024-2029 Projected Population Growth
-3.1%
-3.4%
-2.9%
1.1%
Median Age
43.8
44.6
45.3
44.6
College Degree + Higher
35%
40%
39%
24%
Daytime Employees
14,987
32,514
73,114
109,265
Total Businesses
1,538
4,151
9,596
14,887
Average Household Income
$91,310
$112,974
$117,618
$124,583
Median Household Income
$71,419
$92,047
$94,590
$101,417
Total Consumer Spending
$103.6M
$1B
$2.2B
$3.8B
2024 Households
3,302
27,609
60,264
106,799
Average Home Value
$288,477
$328,794
$339,562
$362,039
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-15-100-048-0000 | Improvements Assessment | $193,620 |
| Land Assessment | $275,991 | Total Assessment | $469,611 |
Property Taxes
Parcel Number
27-15-100-048-0000
Land Assessment
$275,991
Improvements Assessment
$193,620
Total Assessment
$469,611
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Fogo de Chão | 15407 S La Grange Rd
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