Listed by Sands Investment Group
$5,396,000
CVS - Orland Park, IL
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 12,911
Cap Rate 8.33%
NOI $357,756
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Term 25.2
Lease Expiration 01/31/2032
Remaining Term 5.7
Rent Bumps No
Lease Options 10 x 5 Year Options
Price per SqFt $418
Year Built 2006
Acreage 1.960
Investment Type Net Lease
Lease Commencement 12/01/2006
Ground Lease No
ABS NNN CVS | 35,000+ VPD | Signalized Corner | Orland Park, IL (Chicago MSA)
Marketing description
Sands Investment Group is pleased to exclusively offer for sale a 12,911 SF CVS Pharmacy located at 11201 W 143rd Street in Orland Park, IL. The property sits on a 1.96-acre hard-corner, signalized parcel and features an Absolute Triple Net (NNN) lease with CVS, including an upfront 1:1 escrow account fully covering the rent holiday period.
Investment highlights
- Absolute Triple Net (NNN) lease with zero landlord responsibility and drive-thru equipped.
- CVS Health Corporation maintains an investment-grade credit rating, with S&P Global at BBB, while operating approximately 9,028 retail pharmacy locations across the United States, with full-year 2025 projections of around $270 billion.
- Full rent holiday amount delivered upfront in the form of an interest-bearing escrow account ($1,103,081).
- This drive-thru-equipped location benefits from nearly 20 years of established CVS operations.
- Less than 2 miles from the subject property, a massive $120 million mixed-use development is underway in downtown Orland Park, featuring new restaurants, retail, fitness facilities, daycare centers, and more.
- Orland Park boasts exceptional demographics, with an average household income exceeding $145,000 within a 2-mile radius.
- Orland Park serves as the region’s premier retail hub, attracting consumers from across the area with a wide variety of national retailers, including Whole Foods, Meijer, Jewel-Osco, Home Depot, Menards, The Apple Store, Target, and Lululemon, among many others.
Listing Contacts
Listed by Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$357,756.00
$29,813.00/mo
Valuation Metrics
0
DSCR
6.63%
Cap Rate
6.63%
ROI
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