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724 E Rollins Rd
Round Lake Beach, IL 60073
ATI Physical Therapy · Retail Property For Sale
Investment Highlights
- 2 Percent Annual Rent Increases in Firm Term and Two 5-Year Renewal Options
- Target Corporation Building New 148,570-Square-Foot Target Store 0.2 Miles West
- Northwest Suburban Location Within the 9,434,123-Population Chicago Metro Area
- Outlot Within Meijer-Anchored Shopping Center at Intersection of 27,800+ AADT Rollins Road and 24,900+ AADT State Route 83
- 144,746 People With $129,129 Average Household Income Within 5-Mile Radius
- Privately Held ATI Physical Therapy Operates 850+ Clinics and Recently Opened New Locations in Texas and South Carolina
Executive Summary
Marcus & Millichap is pleased to offer for sale the fee simple interest in a 3,512-square-foot physical-therapy clinic in Round Lake Beach, IL, in which Athletic & Therapeutic Institute of Bourbonnais LLC has 4.5 years remaining on its double-net lease. The lease features 2 percent annual rent increases in the firm term and two 5-year renewal options.
ATI Physical Therapy sits on an outlot to a Meijer supermarket, with a Meijer Express fuel station, McDonald’s, Wingstop, Arby’s, and 2025-construction Pizza Ranch within the shopping center. The Home Depot, Hobby Lobby, Jewel supermarket, Tony’s Fresh Market, and Kohl’s also operate at the Rollins Road and State Route 83 retail hub.
Located midway between Chicago and Milwaukee, Round Lake Beach offers Metra commuter rail service and easy access to Interstate 94 and O’Hare International Airport. The College of Lake County and pharmaceutical manufacturer Takeda are major employers in adjacent suburbs, and Round Lake Beach is within driving distance of six Fortune 500 headquarters.
Founded in 1996 and headquartered in Downers Grove, IL, ATI Physical Therapy operates more than 850 clinics and provides convenient access to outpatient physical therapy. New York-based private investment firms Knighthead Capital Management and Marathon Asset Management led the merger to take the company private in August 2025.
In addition to annual income increases to offset inflation, this property offers an investor the opportunity to own a strategically placed suburban outlot on an already busy retail corner poised to become even more active when Target and other new developments open.
ATI Physical Therapy sits on an outlot to a Meijer supermarket, with a Meijer Express fuel station, McDonald’s, Wingstop, Arby’s, and 2025-construction Pizza Ranch within the shopping center. The Home Depot, Hobby Lobby, Jewel supermarket, Tony’s Fresh Market, and Kohl’s also operate at the Rollins Road and State Route 83 retail hub.
Located midway between Chicago and Milwaukee, Round Lake Beach offers Metra commuter rail service and easy access to Interstate 94 and O’Hare International Airport. The College of Lake County and pharmaceutical manufacturer Takeda are major employers in adjacent suburbs, and Round Lake Beach is within driving distance of six Fortune 500 headquarters.
Founded in 1996 and headquartered in Downers Grove, IL, ATI Physical Therapy operates more than 850 clinics and provides convenient access to outpatient physical therapy. New York-based private investment firms Knighthead Capital Management and Marathon Asset Management led the merger to take the company private in August 2025.
In addition to annual income increases to offset inflation, this property offers an investor the opportunity to own a strategically placed suburban outlot on an already busy retail corner poised to become even more active when Target and other new developments open.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,512 SF
Building Class
B
Year Built
2020
Price
$1,551,000
Price Per SF
$441.63
Cap Rate
7.75%
NOI
$120,216
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.46 AC
Zoning
C-3 - Highway Commercial
Parking
23 Spaces (6.55 Spaces per 1,000 SF Leased)
Amenities
- Monument Signage
Property Taxes
| Parcel Number | 06-16-202-029 | Improvements Assessment | $252,617 |
| Land Assessment | $57,325 | Total Assessment | $309,942 |
Property Taxes
Parcel Number
06-16-202-029
Land Assessment
$57,325
Improvements Assessment
$252,617
Total Assessment
$309,942
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