PRICE REDUCED! - CVS Ground Lease For Sale suburban Chicago
PRICE REDUCED! CVS ground lease suburban Chicago bring offers
Marketing description
PRICE REDUCED!
Large efficient parcel with excellent exposures and access.
The property is in the middle of an established area surrounded by tremendous growth and affluent neighborhoods.
Located directly on the high traffic signalized hard corner of a five way interchange of Southwest Hwy (IL Route 7), IL Route 83 and 80th Avenue in Palos Heights, IL.
Numerous healthcare facilities in close proximity including Advocate Healthcare, Northwestern Medicine Palos Hospital and Arden Courts Assisted Living.
Over 41,800 VPD at the lighted intersection.
Average family income is over $140,000 within a three mile radius.
Investment highlights
PRICE REDUCED!
(8) 5-year options with 10% increases
Long term single tenant CVS Ground Lease property
Investment Grade Tenant - CVS boasts an S&P Rating of BBB
Absolute NNN - NO LANDLORD MANAGEMENT OBLIGATIONS
Fixed 10% rental increases in each of the options.
No debt to assume.
± 9.6 Remaining Lease Term
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