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  1. Commercial Properties
  2. IA
  3. Burlington

Wingstop & Billy Sims BBQ

For Sale

1115 N Roosevelt, Burlington, IA 52601

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.

Key features

  • 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.

Building Details

  • For Sale $2,026,667
  • Property Type Retail - Freestanding
  • Property Size 4,011 SF
  • Units 2
  • Lot Size 0.7 Acre
  • Additional Rent Price on request
  • Property Tenancy Multi-Tenant
  • Year Built 2025
  • Date Updated Oct 6, 2026
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Contacts

broker
Adrian Stepien

Prime Net Lease

Location

  • City Burlington, IA
  • Zip Code 52601
  • Map
  • Street
  • Walk score 50/100 Somewhat Walkable
  • Transit score 16/100 Minimal Transit
  • Bike score 43/100 Somewhat Bikeable
Powered by Walk Score ®

Points of Interest

Circle K

0.42 miles

BP

0.46 miles

Hy-Vee

0.49 miles

Casey's General Store

0.61 miles

Shell

0.82 miles

Murphy USA

0.95 miles

Phillips 66

1.53 miles

Visitor Parking

1.59 miles

E Permit Parking

1.59 miles

F Permit Parking

1.60 miles

A Permit Parking

1.67 miles

B Permit Parking

1.75 miles

Emergency Parking

1.79 miles

C Permit Parking

1.81 miles

D Permit Parking

1.81 miles

7th and Valley Lot

1.89 miles

7th and Jefferson Lot

1.93 miles

Big Lots

0.28 miles

Marshalls

0.29 miles

Hy-Vee

0.38 miles

ALDI

0.48 miles

Kohl's

0.58 miles

Walmart Supercenter

1.05 miles

Westland Mall

1.32 miles

Younker's

1.34 miles

Fareway

1.43 miles

Farm King

1.58 miles

Listing Summary

  • Property Financials

    1115 N Roosevelt is currently listed for sale at $2,026,667 for a price per square foot of $505.28.

  • Property Details

    1115 N Roosevelt totals 4,011 square feet of Retail space on a lot spanning 0.7 acres. The property was initially built in 2025.

    Tenancy at 1115 N Roosevelt is listed as Multi-Tenant, comprising a total of 2 units.

  • Area Characteristics

    In terms of ease of commuting, the area has a walk score of 50, indicating that it is somewhat walkable.

Contact Adrian Stepien
broker
Adrian Stepien

Prime Net Lease

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