900 Rollins Rd Round Lake Beach, IL 60073

Rollins Plaza, located at 900 E Rollins Rd, Round Lake Beach, IL 60073, presents a compelling investment opportunity. This 145,930 square-foot, multi-tenant retail shopping center boasts a strong lineup of national tenants including Jewel-Osco, Hobby Lobby, Pep Boys, and AutoZone, ensuring a stable income stream. The property, built in 1980 and situated on 13.64 acres, offers 617 parking spaces and enjoys excellent visibility and accessibility at the intersection of E Rollins Rd and US Route 83, a corridor with 39,500 vehicles per day. Jewel-Osco, a leading grocery chain, has been a tenant since 1980 and recently extended its lease through November 2029. Hobby Lobby, a top 75 US private company, also boasts a recent lease extension through December 2028. Pep Boys' lease extends to July 2033, and AutoZone signed a 15-year lease in 2023. The property's current Net Operating Income (NOI) is $1,080,678, and the pro-forma NOI is also $1,080,678. A significant upside potential exists through newly approved pad site development opportunities, allowing for an additional 7,000 square feet of development. The property's location in Lake County, Illinois, offers a tax advantage compared to neighboring Cook County. The property is also conveniently located a quarter-mile from the Round Lake Beach Metra train station, providing easy access to Chicago's business district. This stabilized investment offers a rare combination of strong tenants, high occupancy, and significant growth potential.