Fogo de Chao — Sale in Schaumburg, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Schaumburg, IL 60173

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Investment Figures

Cap rate
6.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer for sale the fee simple interest in an 8,490-square-foot restaurant in Schaumburg, IL, in which Fogo De Chão Churrascaria (Schaumburg) LLC has over 13 years remaining on its triple-net lease. The lease features a 10 percent rent increase every five years in both the initial term and three five-year renewal options. On the northwest corner of West McConnor Parkway and Walter Payton Drive, Fogo De Chão sits directly north of Golf Road and Woodfield Mall, the 12th-largest U.S. shopping mall, and just west of Interstate 290. Neighbors include The Capital Grille, Hyatt Regency, Perry’s Steakhouse and Grille, Perdoceo Education headquarters, and Roosevelt University. Located in Chicago’s affluent northwest suburbs, 77,249-person Schaumburg is home to the headquarters of insurer Zurich U.S. and postsecondary education company Perdoceo. The village continues to grow with the 225-acre Veridian mixed-use redevelopment and 32.8-acre $82 million Loeber Farm residential redevelopment. Founded in 1979 in Porto Alegre, Brazil, Fogo de Chão now has nearly 120 worldwide locations and plans to open 14 to 16 new locations in 2026. Known for its all-you-can-eat pricing, the restaurant chain also offers $6 Bar Fogo bites. Bain Capital has owned the chain since 2023. This property combines an amazing location across from Woodfield Mall, the limited landlord responsibilities of a triple-net lease, and the security of a successful, expanding tenant backed by Bain Capital. Investment Highlights: • Over 13 Years Remaining on Triple-Net Lease With Three Five-Year Renewal Options • 10 Percent Rent Increase Every Five Years in Initial Term and Options • New 2025 Build-to-Suit Construction Featuring an Open Churrasco Grill and Patio • Directly North of Two Million-Square-Foot Woodfield Mall, With Nearly 280 Retail Tenants • Daytime Population of 381,205 and $129,740 Average Household Income Within Five-Mile Radius • Just 11.5 Miles to O'Hare International

Market Context

This food service in Schaumburg, IL is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Schaumburg, IL — view the full market.

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