For Sale
$4,828,707

7500 Riverside Blvd Loves Park, IL 61111

High-yield NNN-leased gas station.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
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
Retail properties, Grocery and convenience stores
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

FAQs

What type of property is this?
Retail property - High-yield NNN-leased gas station.
Where is the retail property located?
The property is located at 7500 Riverside Blvd Loves Park, IL.
What is the asking price?
The asking price for this property is $4,828,707.
What are key features of this property?
This property features: 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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7500 Riverside Blvd
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