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 SFLot size:
1.02 AcresPrice / SF:
$259/SF- Added:
- Oct 24, 2024
- Days on Market:
- 555
- Last Refresh:
- Apr 5 at 10:04 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
Listing agent Matthew Mousavi (949) 698-1116
Listing office SRS Industrial - Newport Beach (949) 698-1116
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
Overview
High-Performing Buffalo Wild Wings Investment
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.
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
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
Nearby Similar for Sale
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.
