Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

947 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

CVS Pharmacy 3400 Lincoln Hwy 13,225 SF Retail Building Olympia Fields, IL 60461 $8,659,954 CAD ($654.82 CAD/SF) 7.30% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Corporate Guaranteed Lease (S&P: BBB) | Consolidation Store | Over 8 Years Remaining | 17+ Years of Operating History
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Tax Advantages and Passive Equity Growth | Zero Cash Flow | Paydown / Readvance Structure Available

Signalized, Hard Corner Intersection | Adjacent to Metra Station |Interstate 57 (85,900 VPD) | Olympia Fields Country Club
Franciscan Health (214 Beds) | UChicago Medicine (485 Beds) | Dense Retail and Medical Corridor | Adjacent VCA Relocation Site
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Executive Summary

The site is directly adjacent to the 211th Street/Lincoln Highway Metra Electric station, which provides direct service to downtown Chicago’s Millennium Station and generates approximately 2,600+ weekday boardings per week. CVS is strategically located at the signalized, hard corner intersection of Olympian Way and Lincoln Highway which supports more than 43,000 vehicles per day. Furthermore, the asset benefits from nearby access to Interstate 57 (85,900 VPD), Highway 50 (17,200 VPD), Western Ave (15,900 VPD), and more. Moreover, the site benefits from strong healthcare-driven traffic dynamics, situated near Franciscan Health Olympia Fields (214 beds) and UChicago Medicine at Ingalls Flossmoor as part of the broader UChicago Medicine Ingalls network anchored by a 485-bed main hospital. In addition, the subject property is positioned less than 2 miles east of Matteson Center, a 150,000 SF community center anchored by Burlington, Marshalls, Ross, PetSmart, Dollar Tree, and more. Other nearby national/credit tenants include Walmart Supercenter, Sams Club, Home Depot, Food4Less, Aldi, Meijer, and more. Lastly, the asset is within walking distance of Olympia Fields Country Club, a nationally recognized course that has hosted major championship events, including the 1928 and 2003 U.S. Open. The 5-mile subject trade area is supported by more than 159,000 residents and 54,000 daytime employees who earn average household incomes of more than $100,000.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

13,225 SF

Building Class

Year Built

2009

Price

$8,659,954 CAD

Price Per SF

$654.82 CAD

Cap Rate

7.30%

NOI

$632,160 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.19

Lot Size

1.56 AC

Zoning

B-3 - Commercial Service & Wholesale District

Parking

70 Spaces (5.29 Spaces per 1,000 SF Leased)

Frontage

197’ on Lincoln Hwy

Retailer
99,999 SF
-
Jan 0000

CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.

Tenant	Industry	SF Occupied	Rent/SF			Lease End
	Retailer	99,999 SF	-			Jan 0000

Property Taxes

Parcel Numbers	Multiple 31-23-200-019-0000 31-23-200-020-0000	Improvements Assessment	$377,696 CAD
Land Assessment	$69,805 CAD	Total Assessment	$447,501 CAD