Investment Highlights
Recently Exercised 5-year Lease Extension at $23,700 increase (15%) | Strong Performing Location | Only One Option Remaining | Below Market Rent
Rollins Crossings (1.6M+ Visitors) | Adjacent to High Performing Meijer and 2nd most Visited LA Fitness in IL | Dense Retail Corridor
Chicago MSA | Strong Demographics in 5-Mile Trade Area | Six Figure Incomes
Minimal Landlord Responsibilities | NNN | Fee Simple Ownership with Corporate Signature
National/Credit Tenant Presence | Situated Along W. Rollins Road | State Highway 83 | Excellent Visibility & Access
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN high-performing, corporate signed Buffalo Wild Wings investment property located in Round Lake Beach, Illinois (Chicago, MSA). 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.
