Net Leased Flex Industrial

450 Remington Road, Schaumburg, IL
Deal Type:
Net Lease
Current Rent:
$450,452
Lease Type:
DoubleNet
Landlord Responsibilities:
HVAC, Roof/Structure, Parking
Lease Expiration Date:
Approx. 5 years
Renewal Options:
Two, 5-Year Options
Building Sq. Ft.:
36,069 SF
Rent Increases:
2.5% (flat for last 3 years)
Site Size:
2.48 Acres
  • touchtunes stream capital partners
  • touchtunes stream capital partners
  • touchtunes stream capital partners
  • touchtunes stream capital partners

Investment Highlights

  • TouchTunes is a leading innovator of the commercial digital jukebox with its interactive music and entertainment solutions enjoyed by 2 million people every month
  • The Property is TouchTunes’ world technology operations center which distributes new installation, repair, and service equipment for North America and Europe
  • The Property is also the Company’s primary R&D, engineering, technical training, customer service, and business operations HQ
  • Mission critical location in Schaumburg, which is home to approximately 60% of the Company’s overall workforce
  • Schaumburg’s central location provides access to an excellent labor pool and proximity to worldwide air freight connectivity
  • Remaining lease term of 4.5 years with 2, 5-year options
  • Significant capital invested by tenant since occupancy in 2014

Listing Agents

Krupa Shah

Managing Director
646 734 4188
Krupa@stream-cp.com

Annie Koch

Director of Transaction Management
708 525 7470
Annie@stream-cp.com
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