Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Chicago
$6,327,000
CVS Pharmacy
Details
APN 31-23-200-019 & 31-23-200-020
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 13,225
Cap Rate 7.3%
NOI $461,859
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 10/31/2034
Remaining Term 8.4
Lease Options 8 (5-Year)
Price per SqFt $478
Year Built 2009
Buildings 1
Stories 1
Acreage 1.560
Zoning Commercial Service & Wholesale District
Parking Spaces 70 spaces
Parking Per SqFt 5.29
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2009
Ground Lease No
Ownership Fee Simple
Retail | 7.30% CAP | 13,225 SqFt
Investment highlights
Corporate Guaranteed Lease (S&P: BBB) | Consolidation Store | Over 8 Years Remaining | 17+ Years of Operating History
Signalized, Hard Corner Intersection | Adjacent to Metra Station |Interstate 57 (85,900 VPD) | Olympia Fields Country Club
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Franciscan Health (214 Beds) | UChicago Medicine (485 Beds) | Dense Retail and Medical Corridor | Adjacent VCA Relocation Site
Tax Advantages and Passive Equity Growth | Zero Cash Flow | Paydown / Readvance Structure Available
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$461,859.00
$38,488.25/mo
Valuation Metrics
0
DSCR
7.3%
Cap Rate
7.3%
ROI
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