905-915 Golf Rd - Retail FOR SALE


Schaumburg, IL 60173- Far Northwest Suburban Cook
$11,884,000 USD
905-915 Golf Rd, Schaumburg, IL for Sale
$11,884,000 USD
Retail - FOR SALE
1/11
null | 7.75% Cap Rate

905-915 Golf Rd
Schaumburg, IL 60173
Far Northwest Suburban Cook


HIGHLIGHTS

  • CORPORATE LEASES
  • BELOW MARKET RENT
  • HEALTHY WALT/ LONG-TERM OPPORTUNITY
  • NEW STEINHAFELS LEASE
  • HEART OF SCHAUMBURG’S CENTER OF GRAVITY | EXCELLENT FOOT TRAFFIC
  • UNMATCHED GOLF ROAD ACCESS AND VISABILITY

OVERVIEW

CBRE is pleased to offer qualified investors the opportunity to acquire 100% fee simple interest in a 100,587-square-foot, two-tenant retail center in Schaumburg, Illinois, occupied by La-Z-Boy and Steinhafels. The asset is fully leased to two nationally recognized furniture retailers under corporately signed leases, with a strong weighted average lease term of 7.06 years, providing stable, long-term income and predictable cash flow. Strategically located within the Woodfield/Schaumburg retail submarket—the largest in suburban Chicago by gross leasable area and retail sales—the Property is just one mile from Woodfield Mall, one of the largest enclosed shopping centers in the U.S. The surrounding area is a major suburban hub for office, hospitality, entertainment, convention activity, and employment within the Chicago metropolitan region. Situated on the south side of Golf Road, a high-traffic corridor with over 28,000 vehicles per day, the Property offers excellent visibility and accessibility, just south of I-90 and west of the I-290 interchange. The Center benefits from a robust trade area, with a daytime population of 121,681 and an average household income of $131,998 within a five-mile radius, alongside a residential population of 90,336. La-Z-Boy is a nationally recognized brand known for its American-made recliners and home furnishings. Steinhafels, a family-owned company since 1934, is Wisconsin’s leading furniture and mattress retailer and a prominent regional operator in the Midwest, with a growing presence across Illinois and Indiana.

FOR SALE DETAILS

PRICE

$11,884,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La-Z-Boy and Steinhafels

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

6.82 AC

LAND SF

297,079 SF

ZONING

B-4

APN/PARCEL ID

07-14-200-015-0000

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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