Kohl's 230 E Rollins Rd 89,306 SF Retail Building Round Lake Beach, IL 60073 $7,482,000 ($83.78/SF) 8% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Kohl’s property in Round Lake Beach, Illinois, within the Chicago MSA. Kohl’s has successfully operated at this location since 2000 and recently exercised the ?rst 5-year renewal option in 2025, extending the lease through February 2030. Kohl’s is currently paying a low rent of $6.90 per square foot under an absolute triple net lease with zero landlord responsibilities. Each of the six remaining renewal options features a 9.1% rent increase. Additionally, the property is located on a large 7.8-acre lot.
The 86,776 square foot building benefits from its position along East Rollins Road (26,200 VPD) which is a primary east – west thoroughfare for Round Lake Beach. The property is also located in the area’s main retail corridor, which is home to major tenants Ross, Meijer, The Home Depot, Tony’s Fresh Market, Jewel-Osco, Chase Bank, Starbucks, Advance Auto Parts, Goodwill, McDonald’s, Buffalo Wild Wings, and Harbor Freight. The property is also within proximity to Illinois Route 82 (21,200 VPD) and 1.5 miles west of Grayslake North High School, which has 1,400 students enrolled. There are over 143,000 people living within a ?ve-mile radius, those of which earn a six-?gure average household income of $129,074.
Kohl’s Corporation, founded in 1962 by Maxwell Kohl in Milwaukee, Wisconsin, has grown from a single grocery store into one of America’s leading department store chains. Initially expanding through supermarkets and small retail outlets, Kohl’s shifted its focus to department stores in the 1980s, emphasizing affordable, quality merchandise for families. Today, Kohl’s operates over 1,100 stores across 49 states and a robust e-commerce platform, offering a wide range of products including apparel, home goods, and accessories. Known for its customer-centric approach, Kohl’s has built a reputation for value through exclusive partnerships with brands like Vera Wang and Tony Hawk, alongside its popular Kohl’s Cash rewards program.