7500 Riverside Blvd Loves Park, IL 61111-5630

Property Details for 7500 Riverside Blvd

Year built

2003

Construction

WOOD

Property size

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.