650 Mall Dr
Schaumburg, IL 60173
Taco Bell | 6.00% CAP Rate | Chicago MSA · Retail Property For Sale

The Property has been occupied by Taco Bell since 1994 and originally subject to 12-year initial lease term with two, 5-year renewal options. The lease also features 1% annual rental increases throughout the initial term and renewal periods. The City of Schaumburg is primarily an upper-middle class suburban community located in northwest Chicago. It consistently ranks at the top of Chicago's list of economic centers, and is home to national offices for multinational corporations such as IBM, Ikea, AC Nielsen, Comcast, Zurich North America, Motorola Solutions, OptumRX and Nation Pizza Products. Roosevelt's University campus is also located in Schaumburg which is renown for the Midwest's only 3-year PharmD program. Illinois’ largest mall, the Woodfield Mall serves as a central hub to multiple surrounding headquarter office buildings. Woodfield Mall is the 11th largest mall (+2.1 million SF) in the country. Simon Property Group, which acquired a 50% interest (valued at $505M) in the center 5 years ago, has strengthened Woodfield Mall's position with recent major renovations. Woodfield Mall generates $21.6M in tax revenue for Cook County falling second only to the legendary Willis Tower (aka Sears Tower) in Downtown Chicago. The subject Property sits yards away from the main entrance of the nationally recognized retail center. This Offering represents an excellent opportunity for qualified investors to acquire a desirable asset leased to a top-tier brand in the quick service restaurant space. The Property has sound fundamental characteristics and is located in a major U.S. metropolitan market.