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    High-Performing Buffalo Wild Wings Investment Title is generated by Realmo AI

    500 E Rollins Rd, Round Lake Beach, IL

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    NNN leased Buffalo Wild Wings in Round Lake Beach, Illinois.

    Type:RETAIL
    Property size:
    10,000 SF
    Lot size:
    1.02 Acres
    Price / SF:
    $259/SF
    Added:
    Oct 24, 2024
    Days on Market:
    600
    Last Refresh:
    May 20 at 8:30 pm

    Property Features for 500 E Rollins Rd

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    1.02 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Matthew Mousavi
    Matthew Mousavi

    Listing agent Matthew Mousavi License #CA 01732226

    Listing office SRS Industrial - Newport Beach

    Listing date Oct 24, 2024

    Source Moodyscre

    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 SRS Industrial - Newport Beach

    HighLights

    • High‑performing Buffalo Wild Wings location with strong sales of $3.58 million in 2023, exceeding the chain's national average.
    • Corporate‑signed lease recently assumed by Blazin Wings Inc., demonstrating commitment to the location.
    • Tenant recently exercised a 5‑year option with a 15% rental increase, showcasing dedication to the site.
    • Below‑market rent of $181,700 provides future upside potential.
    • Low rent‑to‑sales ratio of 5.1% indicates a healthy and profitable business operation.
    • Opportunity to mark rent to market rent of over $30 PSF by 2034.

    Overview

    This is a fee simple interest (land and building ownership) opportunity to acquire a NNN high-performing, corporate signed Buffalo Wild Wings investment property located in Round Lake Beach, Illinois. The lease was recently assumed by the corporate entity, Blazin Wings Inc., and the Tenant recently exercised its 5-year option at a $23,700 increase (15% increase) to a below-market rent of $181,700 ($18.17 PSF), dedicating their commitment to the site. The tenant has 1 (5-year) option remaining in 2029 with a 15% rental increase to $20.90 PSF, providing the future Landlord the opportunity to mark rent to market rent of over $30 PSF by 2034. This location reported strong sales of $3.58 million ($358 PSF) in 2023, which is above the chain’s national average of $3.19 million, and represents a low rent-to-sales ratio of 5.1%, and 5% YoY sales growth over the past two years. The property is suitable for restaurants and retail properties.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $252.0k $25.20
    − Vacancy −$6.6k −$0.66
    EGI $245.4k $24.54
    − OpEx −$61.4k −$6.14
    NOI $184.1k $18.41
    10,000 SF · lease $25.20/SF/yr · vacancy 2.60% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.63M
    $2.30M – $3.07M (±1% cap)
    NOI $184,086 @ 7.0% cap · market cap 7.09%
    Second Best
    Retail
    $1.46M
    $1.28M – $1.70M (±1% cap)
    NOI $102,270 @ 7.0% cap · market cap 3.94%
    Theoretical Best
    Office A
    $3.45M
    $3.02M – $4.03M (±1% cap)
    NOI $241,678 @ 7.0% cap · market cap 9.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Steak~Wich LLC — 942 Carriage Ct, Lake Villa, IL 60046

    Location Insight

    • Map
    • Local Demand
    City
    Round Lake Beach
    County
    Lake
    State
    Illinois
    Longitude
    -88.0901
    Latitude
    42.3717

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    FAQs

    What type of property is this?
    Restaurant - NNN leased Buffalo Wild Wings in Round Lake Beach, Illinois.
    Where is this restaurant located?
    The property is located at 500 E Rollins Rd Round Lake Beach, IL.
    What is the asking price?
    The asking price for this property is $2,596,000.
    What are key features of this property?
    This property features: High‑performing Buffalo Wild Wings location with strong sales of $3.58 million in 2023, exceeding the chain's national average.; Corporate‑signed lease recently assumed by Blazin Wings Inc., demonstrating commitment to the location.; Tenant recently exercised a 5‑year option with a 15% rental increase, showcasing dedication to the site.
    (949) 698-1116 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew Mousavi
    Matthew Mousavi
    Real Estate License ID: CA 01732226
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