500 Rollins RdRound Lake Beach, IL 60073
For Sale
$2,596,000
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- Fee simple ownership of a corporate-signed Buffalo Wild Wings NNN property in Round Lake Beach, IL (Chicago MSA). The tenant recently exercised a 5-year option with a 15% rent increase to $181,700 ($18.17 PSF), significantly below market rate.
- Triple-net lease with minimal landlord responsibilities; corporate guarantee. One 5-year option remains (2029) with a projected 15% rent increase.
- Excellent location within Rollins Crossings shopping center (1.6M+ annual visitors), adjacent to a high-performing Meijer and the second-best performing LA Fitness in Illinois. Strong national/credit tenant synergy in the immediate area.
- High visibility and accessibility on W. Rollins Road, with proximity to State Highway 83.
- Strong demographics within a 5-mile radius, including over 147,000 residents and an average household income exceeding $125,000.
Property Details for 500 Rollins Rd
- Property type
- Other retail properties, Restaurants
- Square Feet
- 10,000 SF
- Year Built
- 1995
- Lot Size (sq. ft)
- 44,431 SF
Location Insight
- City
- Round Lake Beach
- County
- Lake
- State
- Illinois
- Latitude
- 42.3795292
- Longitude
- -88.0703532
500 Rollins Rd, Round Lake Beach, Illinois
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