Restaurant
Andy's Frozen Custard (170+ Locations) | New Corporate 20-Yr. Absolute NNN | 1.75% Annual Increases
390 Barrington Rd, Schaumburg (Chicago MSA), IL 60194
Listing Price: $3,083,000
Cap Rate
6.00%
Tenant Name
Andy's Frozen Custard
Guarantor
Corporate Guarantee
Rentable SF
2,276
Lease Type
Absolute Net
Rent Per Square Feet
$81.28
Investment Overview
Marcus & Millichap is pleased to present the Andy's Frozen Custard in Schaumburg, IL.
Andy's Frozen Custard (170+ Locations) | New Corporate 20-Yr. Absolute NNN | 1.75% Annual Increases
Investment Highlights
- New 20-Year Absolute NNN Sale-Leaseback with 1.75% Annual Increases
- Corporate Guaranty with 170+ Locations Across 15 States, Strong Financials
- High-Performing Location with Year-Over-Year Sales Growth and Highly Profitable Store
- Proven Concept in Trade Area Showing Tenant's Commitment to Location, Store Originally Opened in 2020
- Ranked #254 on Franchise Times Top 400 with a 30.7% Increase in Sales
- Serving Over 227,000 Residents in Affluent Chicago Suburb
- Average Household Incomes Exceed $103,000 in 1 Mile and $109,000 in 3 Miles
- Regional Retail Hub, Down the Street from Walmart, Target, Home Depot, Jewel-Osco, Mariano's, Ross, Kohl's, Petsmart and More
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Restaurant
Andy's Frozen Custard (170+ Locations) | New Corporate 20-Yr. Absolute NNN | 1.75% Annual Increases
Listing Price: $3,083,000
Cap Rate
6.00%
Tenant Name
Andy's Frozen Custard
Guarantor
Corporate Guarantee
Rentable SF
2,276
Lease Type
Absolute Net
Rent Per Square Feet
$81.28
Investment Highlights
- New 20-Year Absolute NNN Sale-Leaseback with 1.75% Annual Increases
- Corporate Guaranty with 170+ Locations Across 15 States, Strong Financials
- High-Performing Location with Year-Over-Year Sales Growth and Highly Profitable Store
- Proven Concept in Trade Area Showing Tenant's Commitment to Location, Store Originally Opened in 2020
- Ranked #254 on Franchise Times Top 400 with a 30.7% Increase in Sales
- Serving Over 227,000 Residents in Affluent Chicago Suburb
- Average Household Incomes Exceed $103,000 in 1 Mile and $109,000 in 3 Miles
- Regional Retail Hub, Down the Street from Walmart, Target, Home Depot, Jewel-Osco, Mariano's, Ross, Kohl's, Petsmart and More
Investment Overview
Marcus & Millichap is pleased to present the Andy's Frozen Custard in Schaumburg, IL.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
