250 W Virginia St, Crystal Lake, IL 60014

The subject property is a freestanding Burger King restaurant located on West Virginia Street, a major thoroughfare in Crystal Lake, Illinois. The property benefits from high visibility, with a reported daily traffic count of 29,900 cars. The restaurant has been a Burger King since 1978, and it was remodeled in 2018 to reflect Burger King’s 2020 design. There are approximately 10 years remaining on the absolute NNN lease with Burger King Company, LLC, which includes 7.5% fixed rent increases every 5 years. The building consists of approximately 3,931 square feet of improvements and is situated on approximately 0.95 acres of land, which provides ample on-site parking. The property is adjacent to Crystal Lake Plaza, a shopping center anchored by Petco and Savers with 125,000 square feet of retail space. Crystal Lake Central High School, with a reported student enrollment of 1,498, is located just 1.1 miles away. Several national retailers have a presence on West Virginia Street, including Taco Bell and Popeye’s approximately 400 yards to the west, and IHOP, Pizza Hut, KFC, and Arby’s within 500 yards to the east. Crystal Lake is located approximately 45 miles northwest of Chicago and has a reported city population of around 40,000. The population within a 3-mile radius of the subject property is reported at 53,105, with an average household income of $132,359 within the same radius.