Contacts
Prime Net Lease
Property Details
- Property Type Retail - Freestanding
- Property Size 4,011 SF
- Units 2
- Lot Size 0.7 Acre
- Property Tenancy Multi-Tenant
- Year Built 2025
- Date Updated Oct 6, 2026
Reach out to the broker for more info on lease terms and amenities
Highlights
- 10% RENTAL INCREASES Both leases feature 10% rental increases every five years, providing consistent NOI growth and a hedge against inflation.
- ATTRACTIVE RENEWAL OPTIONS Wingstop has four 5-year renewal options, while Billy Sims BBQ has two 5-year renewal options, each featuring continued 10% rental increases.
- ESTABLISHED RELOCATION STORES Both tenants relocated from existing Burlington locations, providing demonstrated operating history within the market. Wingstop has operated in the area since 2019, while Billy Sims BBQ has operated locally since 2016.
- EXPERIENCED WINGSTOP OPERATOR The Wingstop business was recently acquired by a large, experienced 130+ multi-unit operator that is now operating the location, adding operational strength to an already established store.
- HIGH-TRAFFIC HIGHWAY LOCATION Strategically positioned along N. Roosevelt Avenue / US-61 with approximately 14,400 VPD, immediately north of the US-34 interchange, where traffic volumes increase to approximately 17,300 VPD.
- LONG-TERM NNN LEASES The property features two long-term NNN leases with approximately 9 years of initial term remaining, providing an investor with durable income and limited landlord responsibilities.
- NEW 2025 CONSTRUCTION The approximately 4,000-square-foot, two-tenant retail building provides investors with a modern asset occupied by two established restaurant concepts with long-term operating histories in the Burlington market.
- STRONG BILLY SIMS GUARANTY The Billy Sims BBQ lease will be backed by a strong personal guaranty from an experienced multi-unit franchise operator, providing additional security to the property’s income stream.
- STRONG STORE PERFORMANCE Both locations benefit from established customer bases and have generated strong sales performance (approximately $1.5 mill each), supporting the long-term viability of each tenant at the property.
Attachments
Getting around
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50/100
Walk Score ®
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16/100
Transit Score ®
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43/100
Bike Score ®
Location
- City Burlington, IA
- Zip Code 52601
Points of Interest
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Circle K
0.42 miles
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BP
0.46 miles
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Hy-Vee
0.49 miles
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Casey's General Store
0.61 miles
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Shell
0.82 miles
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Murphy USA
0.95 miles
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Phillips 66
1.53 miles
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Visitor Parking
1.59 miles
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E Permit Parking
1.59 miles
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F Permit Parking
1.60 miles
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A Permit Parking
1.67 miles
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B Permit Parking
1.75 miles
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Emergency Parking
1.79 miles
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C Permit Parking
1.81 miles
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D Permit Parking
1.81 miles
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7th and Valley Lot
1.89 miles
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7th and Jefferson Lot
1.93 miles
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Shokai Sushi
0.00 miles
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Dairy Queen
0.11 miles
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Great Wall
0.12 miles
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Panera Bread
0.16 miles
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Perkins
0.27 miles
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Jimmy John's
0.28 miles
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Pizza Hut
0.30 miles
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Domino's
0.33 miles
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Long John Silver's
0.33 miles
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KFC
0.36 miles
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Big Lots
0.28 miles
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Marshalls
0.29 miles
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Hy-Vee
0.38 miles
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ALDI
0.48 miles
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Kohl's
0.58 miles
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Walmart Supercenter
1.05 miles
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Westland Mall
1.32 miles
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Younker's
1.34 miles
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Fareway
1.43 miles
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Farm King
1.58 miles
Prime Net Lease