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CVS - Orland Park, IL 11201 W 143rd St 12,911 SF Retail Building Orland Park, IL 60467 $7,670,897 CAD ($594.14 CAD/SF) 6.45% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net (NNN) Lease with zero landlord responsibility and drive-thru equipped.
- Full rent holiday amount delivered upfront in the form of an interest-bearing escrow account ($1,073,268).
- Less than 2 miles from the subject property, a massive $120 million mixed-use development is underway in downtown Orland Park.
- CVS Health Corporation maintains an investment-grade credit rating, with S&P Global at BBB, while operating approximately 9,028 retail pharmacy.
- This drive-thru-equipped location benefits from nearly 20 years of established CVS operations.
- Orland Park boasts exceptional demographics, with an average household income exceeding $145,000 within a 2-mile radius.
EXECUTIVE SUMMARY
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 NNN (NNN) Lease with CVS, including an upfront 1:1 escrow account fully covering the rent holiday period.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,911 SF
Building Class
B
Year Built
2006
Price
$7,670,897 CAD
Price Per SF
$594.14 CAD
Cap Rate
6.45%
NOI
$494,916 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.96 AC
Zoning
C
Parking
77 Spaces (5.96 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- CVS
- Health Care and Social Assistance
- 12,911 SF
- $38.33 CAD
- Jan 2032
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| CVS | Health Care and Social Assistance | 12,911 SF | $38.33 CAD | Jan 2032 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-07-201-010-0000 | Improvements Assessment | $372,287 CAD |
| Land Assessment | $376,177 CAD | Total Assessment | $748,464 CAD |
PROPERTY TAXES
Parcel Number
27-07-201-010-0000
Land Assessment
$376,177 CAD
Improvements Assessment
$372,287 CAD
Total Assessment
$748,464 CAD
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CVS - Orland Park, IL | 11201 W 143rd St
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