www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32889012
32889013

501 West Center Street, Eureka, IL 61530

CB
TX 794055
Matthews
Listed by Matthews
$1,052,000
14 days on market
Updated 11 days ago

CVS - $68K Rent | < 1% Rent-to-Sales Ratio

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 8,050
Cap Rate 6.50%
NOI $68,424
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NN
Lease Expiration 01/31/2029
Remaining Term 2.8
Rent Bumps No
Lease Options One, 5-Year
Price per SqFt $131
Year Built 1994
Buildings 1
Stories 1
Acreage 0.910
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No

$6.9M Reported Sales | Low Rent | Newly Paved PL | Multiple Extensions

Investment highlights

• Exceptional Sales-To-Rent Ratio - This CVS location boasts an estimated <1% rent-to-sales ratio, significantly below the industry average. This favorable cost structure provides a strong incentive for lease renewals and long-term occupancy stability.

• Established Presence & Lease Renewal - CVS has operated at this location since 1994 and has demonstrated a strong commitment to the site, renewing its lease three times. The most recent five-year extension began in February 2024 and runs through January 2029.

• Attractive Price Point - While the average CVS property sells for $3-$5 million, this location presents a rare opportunity to acquire a CVS at a lower price point. The low rent and high likelihood of renewal enhance its long-term investment potential, offering upside for future appreciation.

• Parking Lot Remediation - Ownership is currently completing parking lot improvements, including patching, sealing, and full restriping of the entire lot. This work is scheduled for completion within the month, enhancing curb appeal and ensuring a well-maintained exterior for tenants and customers.

• Investment Grade Credit Tenant - The lease is guaranteed by CVS Health Corporation, the top Fortune 500 pharmaceutical and health service company ranking #6, and boasting an S&P credit rating of BBB with a ± $96 billion market cap. In economic downturns, investment-grade credit tenants outperform their less creditworthy peers as investors prioritize valuing safety and liquidity.

Listing Contacts

CB
TX 794055
Matthews
Listed by Matthews

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,424.00
$5,702.00/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Matthew M. Fitzgerald
License
471021676, 478027547 (IL)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
600 W Fulton, Ste 100 Chicago, IL 60661
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591