Listed by Northmarq - Tulsa
$2,829,510
CVS Pharmacy (Leasehold)
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,033
Net Rentable (SqFt) 14,033
Units 1
Cap Rate 11%
NOI $311,246
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Expiration 10/31/2035
Remaining Term 9.3
Lease Options 5, 5-Year
Price per SqFt $202
Year Built 2010
Buildings 1
Stories 1
Acreage 1.050
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease Yes
Ownership Fee Simple
11.00% Cap Rate | Absolute NNN Lease
Marketing description
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the leasehold interest in a single-tenant CVS Pharmacy location in Chicago, Illinois. The absolute net lease structure provides for a passive, secure investment with no responsibilities for the Landlord. The Property benefits from over 450,000 residents with an average household income in excess of $153,000 within a 3-mile radius.
Investment highlights
Investment Grade Guaranty
Irreplaceable Location
Top Performing Store - Ranks in the 89th Percentile in Illinois
Absolute Net Lease
Strong, Affluent Demographics
100% Depreciation Benefits
Listing Contacts
Listed by Northmarq - Tulsa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$311,246.00
$25,937.17/mo
Valuation Metrics
0
DSCR
11%
Cap Rate
11%
ROI
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