7500 Riverside BlvdLoves Park, IL 61111

Property Details for 7500 Riverside Blvd

Year built

2003

Construction

WOOD

Property size (Sq ft)

6,122 SF

Zone code

CR

Property type

Commercial real estate

APN

12-02-252-001

APU

1202252001

Description

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.

Location Insight

City

Loves Park

County

Winnebago

State

Illinois

Latitude

42.3197

Longitude

-88.9694

CBSA code

40420

CBSA name

ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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