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.