Harbor Freight 340 E Rollins Rd 21,083 SF Retail Building Round Lake, IL 60073 $3,137,476 CAD ($148.82 CAD/SF) 6.17% Cap Rate

CBRE’s Net Lease Property Group-Midwest is pleased to present, as exclusive advisor, the opportunity to acquire a Harbor Freight Tools located at Rollins Crossing in Round Lake Beach, IL. Harbor Freight has been operating at this location since 2013 and is in its first of three renewal options. The corporate lease features healthy 10% rental increases in each of the two remaining 5-year options. Harbor Freight currently pays just $6.73 PSF, substantially under the average of $14.37 PSF among other Harbor Freight locations on the market.
The Property benefits from its strategic position as an outparcel to Rollins Crossing, within the heart of the area’s dominant retail corridor featuring more than 1.7 million square feet of national and regional retailers. Fronting County East Rollins Road, a heavily trafficked east-west artery with traffic counts exceeding 27,000 vehicles per day, the site offers unmatched visibility and accessibility.
Further enhancing the location’s long-term value, a new Target store is planned to open behind Harbor Freight, adding another major national anchor to the trade area and driving increased consumer traffic.