Asking Price
Sq. Footage 10,880
NOI Net Operating Income
Cap Rate 5.50%

Attributes

Year Built 2002
Lease Type NN
Current / Passing Rent
Lease Expiration 2038-01-31
Remaining Term 18 years
Tenant CVS Health

Property Description

CVS Pharmacy for sale, located at the intersection of Lebanon and West South streets. CVS has leased this property since 2002, showing a long-term commitment to the location. Set within a high-visibility intersection that sees over 24,900 vehicles pass through on a daily basis.

Investment Highlights

  • Property features a net lease structure with over 18 years remaining
  • Includes four, 5-year renewal options with 6% rental increases for each
  • Lease is backed by a corporate guarantee by CVS Corporation


Alex Sharrin
Alex Sharrin
SVP, Capital Markets
Licensed in
IL - 475.170243
Nicholas Kanich
Nicholas Kanich
SVP, Capital Markets
Licensed in
IL - 475147401

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.