Freestanding Burger King
For Sale
$1,910,000
250 W Virginia St, Crystal Lake, IL 60014
Burger King restaurant on a major thoroughfare in Crystal Lake.
Property Size3,931 SF
Lot Size0.95 Acres
Price / SF$485.88
Days on Market156
Property Features for 250 W Virginia St
General Information
Standard status
Active
Size
3,931 SF
Lot size
0.95 Acres
Property subtype
Restaurant
Lease Type
Absolute Net
Amenities
Approximately 10 years remaining on corporate backed lease
Absolute NNN lease with 7.5% fixed rent increases every 5 years
Established location for Burger King since 1978
High traffic location with a reported 29,900 vehicles per day
Building Details
Building Size
3,931 SF
Listing Agency:
Palo Alto Office
Listed By:
Steve Sauter · License #License(s): CA: 01084092
(650) 391-1803
Source:
Marcusmillichap
Added: Apr 3
Changed: Sep 4
Last Checked: Sep 5 at 3:42AM
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 Palo Alto Office
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Absolute NNN lease with Burger King Company, LLC with approximately 10 years remaining
- 7.5% fixed rent increases every 5 years
- Located on West Virginia Street with high traffic count of 29,900 cars per day
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
453k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 28%
Apparel 26%
Groceries 25%
Electronics 9%
Jewel-Osco
Groceries
56,908 visits/mo
0.1 miles
T.J. Maxx
Apparel
49,316 visits/mo
0.4 miles
Burlington
Apparel
44,868 visits/mo
0.4 miles
Mariano's
Groceries
40,088 visits/mo
0.4 miles
Best Buy
Electronics
39,522 visits/mo
0.2 miles
Demographics for 60014, IL
48,275
Population
18,135
Households
2.7
Avg Household Size
40
Median Age
42%
College-Educated
94%
High-School Grad
25.1 sq mi
ZIP Area
1,923
Density / Sq Mi
$104,657
Median Household Income
$50,805
Median Earnings
$1,429
Median Rent
$296,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Burger King restaurant on a major thoroughfare in Crystal Lake.
Where is this drive through restaurant located?
The property is located at 250 W Virginia St Crystal Lake, IL.
What is the asking price?
The asking price for this property is $1,910,000.
What are key features of this property?
This property features: Absolute NNN lease with Burger King Company, LLC with approximately 10 years remaining; 7.5% fixed rent increases every 5 years; Located on West Virginia Street with **high traffic count of 29,900 cars per day**
