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Kohl's 230 E Rollins Rd 89,306 SF Retail Building Round Lake Beach, IL 60073 $10,444,274 CAD ($116.95 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Recently exercised lease option through 2030
- Single digit rent of $6.90 PSF
- Located along East Rollins Road (26,200 VPD) and near IL Route 82 (21,200 VPD)
- Absolute NNN – No landlord responsibilities
- Large 7.8-acre lot
- Six-figure average household income within five miles ($129,074)
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- -
- Triple Net
- Feb 2030
Kohl's est l'un des principaux détaillants omnicanaux comptant plus de 1 100 magasins dans 49 États. Avec son engagement à inspirer et à donner aux familles les moyens de mener une vie épanouie, Kohl's offre des marques nationales et exclusives incroyables, des économies incroyables et une expérience d'achat facile dans ses magasins, en ligne sur Kohls.com et sur l'application mobile de Kohl's. Depuis sa fondation, Kohl's a donné plus de 750 millions de dollars pour soutenir les communautés à l'échelle nationale, en mettant l'accent sur la santé et le bien-être des familles. Le premier grand magasin Kohl's ouvre ses portes à Brookfield, au Wisconsin, en 1962. Lorsque la société est entrée en bourse en 1992, il y avait 76 magasins Kohl's dans le Midwest. Kohls.com a été lancé en 2001, donnant à Kohl's une présence en ligne qui a grandi et évolué au fil des ans. En 2003, ils ouvrent 28 magasins en Californie, ce qui donne à Kohl's une présence d'un océan à l'autre pour la première fois de son histoire. Cette croissance et cette expansion se sont poursuivies au fil des ans et Kohl's exploite maintenant plus de 1 100 magasins dans 49 États.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | - | Triple Net | Feb 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-16-104-001 | Improvements Assessment | $1,246,555 CAD |
| Land Assessment | $598,545 CAD | Total Assessment | $1,845,100 CAD |
PROPERTY TAXES
Presented by
Kohl's | 230 E Rollins Rd
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