What is the asking price for Wingstop & Billy Sims BBQ?

The lease rate for space here is $2,026,667.

What type of property tenancy can you find at Wingstop & Billy Sims BBQ?

This property is listed as Multi-Tenant.

What is the total size of Wingstop & Billy Sims BBQ?

The property has a total square footage of 4,011 SF.

When was this property built?

Wingstop & Billy Sims BBQ was built in 2025.

How many parking spaces are available at Wingstop & Billy Sims BBQ?

Parking information for the property isn't currently listed. However, other nearby parking options include Visitor Parking, located 1.59 miles away , and E Permit Parking, which is 1.59 miles away.

1115 N Roosevelt, Burlington, IA 52601

For Sale $2,026,667
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

Description

Located along the Mississippi River in Southeast Iowa, Burlington serves as an established regional hub for retail, healthcare, manufacturing, education, and employment. The city is home to approximately 23,300 residents, while Des Moines County has a population of approximately 38,100. The broader county supports more than 18,000 jobs and recorded approximately $869 million in annual retail sales, demonstrating Burlington’s importance as a commercial destination for the surrounding Southeast Iowa market. Burlington benefits from strong regional accessibility at the crossroads of U.S. Highway 34 and U.S. Highway 61, two four-lane highways providing connectivity throughout Southeast Iowa and into Illinois. The market is also supported by rail, Mississippi River freight access, and the Southeast Iowa Regional Airport. This transportation infrastructure has helped establish Burlington as an important regional center for commerce and industry. The local economy is supported by a diverse employment base spanning healthcare, manufacturing, transportation, education, entertainment, and retail. Great River Health is one of the region’s largest employers, with approximately 2,400 employees, while other major area employers include Case New Holland, American Ordnance, Great River Entertainment, BNSF Railway, and a variety of manufacturing and industrial businesses. The subject property is strategically positioned along North Roosevelt Avenue / U.S. Highway 61, one of Burlington’s primary commercial corridors, with convenient access to Highway 34. The surrounding area features a substantial concentration of restaurants, hotels, entertainment uses and national retailers. Burlington's larger retail trade area includes major brands such as Walmart, Target, Lowe’s, Menards, Kohl’s, Dick’s Sporting Goods, Ross Dress for Less, Five Below, Marshalls, Hy-Vee, Starbucks and Dollar Tree, reinforcing the market’s position as a regional shopping and dining destination. The property also benefits from proximity to several significant demand generators, including Southeast Iowa Regional Medical Center, Southeastern Community College, Catfish Bend Casino, area hotels, and the Burlington Regional RecPlex, which attracts visitors for regional sports tournaments and events. Combined with the property’s visibility and accessibility along the Roosevelt Avenue corridor, these economic and traffic drivers support the location’s long-term viability for restaurant and service-oriented retail uses.

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.