Investment Overview

Marcus & Millichap is pleased to exclusively offer an absolute triple-net leased Road Ranger property that is corporately guaranteed by Ranger Holdings, LLC, ensuring that there are absolutely no landlord responsibilities. With a long operating history dating back to 2006, the tenant has demonstrated a strong commitment to the site. The lease includes six five-year options, each featuring 7.5 percent rental increases, enhancing long-term stability. Additionally, the property is eligible for 40 percent bonus depreciation in the first year, and its fee simple ownership allows landlords to utilize the accelerated bonus depreciation model (consult an accountant or attorney for guidance). Conveniently situated directly off Interstate 90, the location sees nearly 65,000 vehicles per day and is positioned at a hard corner intersection with an additional 32,000 vehicles. The area is surrounded by hotels, notable retailers, a large hospital, and a college, with three hotels located within 0.3 miles offering a combined total of 265 rooms. A new 122-room WoodSpring Suites is currently under construction and expected to open in 2025. The property is also in close proximity to popular retailers such as Costco, Farm & Fleet, and Woodman’s Food Market, as well as dining options like McDonald’s, Starbucks, Culver’s, and Chipotle. Notably, Woodman’s Food Market recorded 2.5 million visits in the last 12 months, making it the most visited location in Illinois, according to Placer.ai. The property is just one mile from Javon Bea Hospital—Riverside, which features 194 beds and a 563,000-square-foot state-of-the-art facility providing the highest level of emergency and trauma services. Furthermore, it is located 2.5 miles from Rock Valley College, which serves 4,636 students. The demographics of the area are attractive, with a population of 95,166 people living within five miles and 110,412 individuals working in the same radius. The average household income within three miles is $110,765.