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CVS Pharmacy (Leasehold) 1211 W Roosevelt Rd 14,033 SF Retail Building Chicago, IL 60608 $4,223,608 CAD ($300.98 CAD/SF) 10% Cap Rate
Investment Highlights
- Dominant Retail Pharmacy Brand with Investment Grade Guaranty
- Top Performing Store and Strong, Affluent Demographics
- Absolute Net Lease
- Irreplaceable Location
- 100% Depreciation Benefits
Executive Summary
The Property consists of +/-1.05 acres and a one-story, +/-14,033-square-foot strategically located between the University of Illinois Chicago and the Illinois Medical District. Due to its irreplaceable location, the Property ranks in the top 11th percent of all CVS pharmacies in Illinois, according to Placer.ai. The lease is guaranteed by CVS Health Corp. (NYSE: CVS).
In Association With Isaiah Harf, IL Lic #471019332
In Association With Isaiah Harf, IL Lic #471019332
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,033 SF
Building Class
B
Year Built
2010
Price
$4,223,608 CAD
Price Per SF
$300.98 CAD
Cap Rate
10%
NOI
$422,361 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
1.05 AC
Opportunity Zone
Yes
Zoning
PD896 - Planned Development
Parking
52 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Oct 2035
CVS Pharmacy began in 1963 in Lowell, Massachusetts, as a health and beauty product retailer. The company expanded into pharmacy services in 1967 and grew through acquisitions to become a national healthcare provider. Today, CVS operates numerous retail pharmacy locations and walk-in clinics across the United States. The company also offers pharmacy benefit management services and health insurance products through various subsidiaries. CVS has established a significant presence in the healthcare sector by integrating retail, clinical, and insurance services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Oct 2035 |
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (74)
Bike Score®
Biker's Paradise (91)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $56,774 CAD | |
| Land Assessment | $619,983 CAD | Total Assessment | $676,757 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$619,983 CAD
Improvements Assessment
$56,774 CAD
Total Assessment
$676,757 CAD
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CVS Pharmacy (Leasehold) | 1211 W Roosevelt Rd
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