Beef-a-Roo Fast Casual with Drive-Thru, Carry-Out, Sit-Down, Curbside Pickup, DoorDash, Grubhub
$2,425,550
1680 North Alpine Road, Rockford, IL
7.75
Cap Rate
187,980
NOI
Details:
Highlights:
- Entry Cap Rate: 7.75 %
- Annual Rent Increases: 1.5 %
- Absolute Triple-Net (NNN) Lease Investment Property with Zero Landlord Responsibilities
- 1st Year Annual Rent: % 187,980
- Monthly Rent of $ 15,665 begins at Closing
- Tenant will execute a new 20-year lease at Closing
Description:
INVESTMENT HIGHLIGHTS:
Location: 1680 N. Alpine Rd., Rockford, IL 61107
Property Type: Beef-a-Roo Fast Casual - Corporate owned with Drive-Thru, Sit-Down, Carry-Out,
Curbside Pickup, DoorDash, and Grubhub
Investment Type: A Reverse Build-to-Suit Project - Absolute Triple-Net (NNN) Lease Investment Property with Zero Landlord Responsibilities
Investment: $ 2,425,550
1st Year Annual Rent: $ 187,980
Monthly Rent of $ 15,665 begins at Closing
Entry Cap Rate: 7.75 %
Annual Rent Increases: 1.5 %
Single Tenant: Beef-a-Roo, Inc. (beefaroo.com)
Lease: Tenant will execute a brand new 20-year lease at closing
General Contracting & Construction Management by SFV Services (sfvservices.com)
Opening: November 2021
1st Year Projected Sales: $ 2.4 Million
Building: 3,200 SF
Land: 0.75 Acre
Ownership Type: Fee Simple (land and building)
For a detailed description of this Reverse Build-to-Suit Project and a summary of Beef-a-Roo's 2020 corportate and site-level P & Ls, please refer to the OM included with this listing.
This property is offered in conjunction with a Broker of Record licensed in Illinois.
BACKGROUND:
Beef-a-Roo was founded in 1967. The company started out with a Wild West theme, hence the name Beef-a-Roo. The original menu mainstay was freshly cooked and sliced to order hot beef sandwiches.
A lot has changed in the last 50 years. While still a Northern Illinois based company, Beef-a-Roo now has an extensive menu with standout salads, vegetarian selections, gluten free items, crispy fries and onion rings, very famous cheddar fries, and signature roast beef sandwiches.
Beef-a-Roo currently operates 7 successful locations in Northern Illinois - see the full menu and gluten free menu at beefaroo.com.
By offering drive-thru service, sit-down, carry-out, curbside pickup, and delivery by DoorDash and Grubhub, Beef-a-Roo combines the best features of a Quick-Service Restaurant and a themed Fast Casual environment.
DEMOGRAPHIC HIGHLIGHTS:
This new Beef-a-Roo at 1680 N. Alpine Rd. in Rockford, IL will be a pad site at the Highcrest Plaza shopping center and will be centrally located within Zip Code 61107. Demographic highlights for that commercial trade area are:
Total Population: 29,911
Total Daytime Population: 27,769
Total Population Living in Family Households: 22,562
Daytime Worker Population: >13,000
Total Households: 12,962
Total Family Households: 7,808
Average Household Income: (2020) $ 83,241 (2025 Projected) $ 92,109
Average Disposable Income: $ 62,178
Traffic Counts on N. Alpine Rd. are in excess of 22,000 vehicles per day.
Documents:
| Title | ||
|---|---|---|
| Beef-a-Roo Summary Business Plan | ||
| Beef-a-Roo OM |
Location
Gallery
