7500 Riverside BlvdLoves Park, IL 61111

For Sale
$4,828,707

High-yield NNN-leased gas station.

Overview

Added:
Dec 11, 2024
Days on market:
92
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).

Property Details for 7500 Riverside Blvd

Property type
Other retail properties, Automotive properties
Square Feet
4,809 SF
Class
A
Year Built
2003
Buildings
1
Stories
1
Lot Size (sq. ft)
88,427 SF
Units
1

Location Insight

City
Loves Park
County
Winnebago
State
Illinois
Latitude
42.3197833
Longitude
-88.9694717
7500 Riverside Blvd, Loves Park, Illinois

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7500 Riverside Blvd
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