Wingstop & Billy Sims BBQ NNN
1115 North Roosevelt Avenue, Burlington, IA 52601
For Sale
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Two restaurant tenants occupy a newly built property under long-term NNN leases with scheduled rent increases.
Property Size4,000 SF
Price / SF$488.57
Days on Market11
Property Features for 1115 North Roosevelt Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Additional Details
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Prime Net Lease
Listed By:
Michael Matusik · License #CA 01888322
(714) 874-4004
Source:
Crexi
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 4:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prime Net Lease
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Investment Insights
Based on property information with market context.
Completed in 2025, this approximately 4,000-square-foot restaurant property is leased to Wingstop and Billy Sims BBQ. Both restaurant operators moved from other Burlington locations. The leases are structured on an NNN basis, with approximately nine years remaining and a 9.2-year WALT. Contractual rent increases are set at 10% every five years. Wingstop holds four consecutive five-year renewal options; Billy Sims BBQ has two consecutive five-year renewal options, with rent increases continuing during the option periods. The Wingstop location is run by an operator with more than 130 units, and the Billy Sims BBQ lease includes a personal guaranty.
The property fronts N. Roosevelt Avenue, also identified as U.S. Route 61, where traffic is approximately 14,400 vehicles per day. It is immediately north of the U.S. Route 34 interchange, which carries approximately 17,300 vehicles per day. The surrounding commercial area includes national retailers, restaurants, hotels, and other demand generators.
The property fronts N. Roosevelt Avenue, also identified as U.S. Route 61, where traffic is approximately 14,400 vehicles per day. It is immediately north of the U.S. Route 34 interchange, which carries approximately 17,300 vehicles per day. The surrounding commercial area includes national retailers, restaurants, hotels, and other demand generators.
Key Highlights
- 2025 construction with approximately 4,000 square feet
- Two restaurant tenants: Wingstop and Billy Sims BBQ
- NNN leases with approximately nine years remaining and a 9.2‑year WALT
Property Analytics
Who owns this building?
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Current Use
Lease Details
14,400 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
239k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Apparel 21%
Groceries 20%
Shops & Services 15%
Hy-Vee
Groceries
46,951 visits/mo
0.5 miles
Marshalls
Apparel
28,651 visits/mo
0.4 miles
McDonald's
Dining
24,087 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
21,118 visits/mo
0.4 miles
Taco Bell
Dining
15,145 visits/mo
0.4 miles
Demographics for 52601, IA
27,899
Population
14,107
Households
2
Avg Household Size
43
Median Age
24%
College-Educated
94%
High-School Grad
109.3 sq mi
ZIP Area
255
Density / Sq Mi
$57,123
Median Household Income
$35,594
Median Earnings
$921
Median Rent
$125,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - Two restaurant tenants occupy a newly built property under long-term NNN leases with scheduled rent increases.
Where is this nnn property located?
The property is located at 1115 North Roosevelt Avenue Burlington, IA.
What is the asking price?
The asking price for this property is $1,954,285.
What are key features of this property?
This property features: 2025 construction with approximately 4,000 square feet; Two restaurant tenants: Wingstop and Billy Sims BBQ; NNN leases with approximately nine years remaining and a 9.2‑year WALT
