Net leased investment brokerage firm The Boulder Group has completed the sale of an AT&T and Heartland Dental property located at 418 E. Rollins Road in Round Lake Beach, Illinois for $2,035,000. The 5,039-square-foot building was completely renovated in 2015 and is located in the regional trade area.
Boulder Group president, Randy Blankstein, and partner, Jimmy Goodman, represented the seller, a private partnership, in the transaction. The purchaser was a private 1031 investor. “The market for net lease properties in top MSAs remains active as these assets are in high demand among private investors,” Blankstein said.
The property is situated at the signalized entrance to the Rollins Crossing, a retail shopping center anchored by Kohl’s, OfficeMax, Petco, LA Fitness and Regal Cinemas. In addition, the property is surrounded by large national retailers such as Meijer, The Home Depot, Jewel-Osco (Albertsons), ALDI, Buffalo Wild Wings and numerous national banks, auto part stores and quick service restaurants. The property has excellent visibility along Rollins Road which experiences traffic counts of 28,200 vehicles per day. There are approximately 74,500 people living within a three mile radius of the property with average annual household incomes in excess of $92,400 per year.