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776 E Rollins Rd
Round Lake Beach, IL 60073
Arby's | 20 Yr Lease | Prime Location · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
2,534 SF
Building Class
C
Year Built
1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.49 AC

ABOUT 776 E ROLLINS RD , ROUND LAKE BEACH, IL 60073

Stan Johnson Company, on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee-simple interest in the commercial property located at 776 E Rollins Road in Round Lake Beach, Illinois (the Property ). The Property is currently leased to Miracle Restaurant Group, LLC and is operated as an Arby' s Restaurant franchise location. It is an outparcel to a Meijer grocery store and strategically situated along E. Rollins Road just off of Hainesville Road and IL-83, a location that sees over 60,491 combined vehicles per day. The Property is a 2,534 square foot quick service restaurant complete with a drive-thru on 0.82 acres. Built in 1993, Miracle Restaurant Group acquired the franchise rights in 2005. Today, Miracle operates 28 Arby' s restaurants and this Property (not yet remodeled) does nearly $1 million in sales on an annual basis it' s Miracle' s expectation that sales will increase 15-20% once the remodel is finished. The Property is currently scheduled to undergo a $400,000 complete remodel that will bring it in-line with Arby' s Inspire design platform, the first major overhaul to the Arby' s design in almost two decades. The new design takes the traditional deli feel Arby' s has long been known for and gives it a more contemporary look. Features of the remodel include subway tiles, wood elements and a new color palette that includes bold geometric shapes and chalkboard drawings. Upgrades will also include Energy-Star compliant food service equipment and extensive LED lighting technology. Other Arby' s locations that have undergone the Inspire renovation have seen an average increase in sales of nearly 20% since re-opening. The remodel will be completed by December 2018.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-16-202-023
Land Assessment
$52,496
Improvements Assessment
$284,319
Total Assessment
$336,815
  • Listing ID: 6553161

  • Date on Market: 3/31/2017

  • Last Updated:

  • Address: 776 E Rollins Rd, Round Lake Beach, IL 60073

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