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This exceptional investment opportunity presents a fee-simple, Class A, 4,809 square-foot retail property in Loves Park, Illinois. The property, built in 2003 and situated on a 2.03-acre lot, houses a thriving Road Ranger gas station, convenience store, and auto shop. Currently operating at 100% occupancy since January 1, 2006, the property boasts a strong operating history and a corporate-guaranteed lease with a remaining term of 2.3 years, plus six five-year options with 7.5% rental increases. The absolute NNN lease structure ensures minimal landlord responsibilities. The property features ten gas pumps and benefits from a high-traffic location directly off Interstate 90, experiencing nearly 65,000 vehicles daily, and situated on a hard corner intersection with an additional 32,000 vehicles per day. The property's prime location is further enhanced by its proximity to numerous hotels (including a new WoodSpring Suites under construction), major retailers (Costco, Farm & Fleet, Woodman's), restaurants (McDonald's, Starbucks, Culver's, Chipotle), a hospital (Javon Bea Hospital), and Rock Valley College. The property's strong financials include a $4,828,707 asking price, a $313,866 net operating income (NOI), and a 6.50% cap rate. The property's APN is 12-02-252-001 and is zoned for commercial use. This is a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential.
Highlights
Absolute NNN lease with Road Ranger, corporately guaranteed by Ranger Holdings, LLC.
No landlord responsibilities.
Long-term lease history since 2006 with strong tenant commitment; six 5-year options with 7.5% rent increases.
Eligible for 60% bonus depreciation in year one.
Fee simple ownership allows for accelerated bonus depreciation (consult your professional advisors).
High-traffic location directly off Interstate 90 (nearly 65,000 vehicles daily) on a hard corner (32,000 vehicles daily).
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.