For sale single tenant pharmacy building leased to CVS Health. For more information contact the listing agent, JOSHUA BERGER 424.653.1834joshua.berger@e.kidder.com

Posted: 12/16/2021 4:10 pm | On HOMEiZ: 858 days | Updated: 2 years ago | Views: 1363

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$5500000

Last Sold Price

$5500000

Last Sold Date

12/17/2021

Property Location & Description

Listing Headline

For sale single tenant pharmacy building leased to CVS Health. For more information contact the listing agent, JOSHUA BERGER 424.653.1834joshua.berger@e.kidder.com

Property Description

Property consists of a freestanding building leased to CVS and is located adjacent to other national tenants along a major thoroughfare. W 143rd street will provide an investor the opportunity to acquire a 12,911 SF building on 85,378 SF of land.

Tenant Information

Tenant Overview

National Tenants (Public company)

No. of Locations

9,948

Credit Rating

BBB

Total Revenue

268.7 B

Net Worth

$133.62B

Headquarters

Woonsocket, RI

Tenant Business

Pharmacy

Tenancy Type

Tenancy

Single

Tenant is a Franchise

Number of Tenants

Corporate Overview

Stock Symbol

CVS

Total Assets Value

$222.45

Property Overview

Year built

2002

Overall Property Condition

Good

Construction Status

Exist

Total Building Sq. Ft.

12911

Total Lot Size

196 Acres

Net Leasable Area

12911

APN#

27-07-201-010-0000

Parking Type

Off-street

Distressed

Number of Floors

Exterior Walls Material

Brick

Income

Commission split %

Contact listing agent%

Price per Sq. Ft.

$426

Cap Rate

6.50%

NOI

$357500

Rent to sales ratio

No Data%

Annual Property Tax Rate for this property

2.100%

Responsibility for Property Tax increase

Tenant

Lease overview

Landlord Obligations

Lease Remaining Years

years: 10 months: 5

Annual Rent Increase %

No Data%

Termination Clause

Landlord Option

Roof & Structure Responsibility

Tenant

Options to Purchase

Yes

Lease Guarantor

Guarantee Type

Cooperate

Lease Structure

Lease Type

100% Absolute Triple Net Lease (NNN Lease)

Sewer

Type of Sewer

Sewer System (Public)

Investment Overview

Type of use

Investor

Ownership Overview

Ownership Type

Fee simple absolute

Property Highlights

Highlights

Chicago MSA Location, 25 miles away from downtown Chicago

Signalized corner location

Absolute net lease with zero landlord responsibilities

Dense and affluent demographics with a population of over 121,626 and household income of over $118,624 within a 5-mile radius

More information

MLS URL of this listing to link to your own site or brokerage site

Listing Info

Listing ID: 2985

Sold

For Sale

$5,500,000

Listing Presented by

Disclimer: Any information relating to a property referenced on HOMEiZ.com comes from the listing provider who wishes to post a listing on HOMEiZ.com. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. HOMEiZ does not verify the property information submitted in HOMEiZ.com and cannot guarantee the accuracy of the information. No warranties or representations are made of any kind. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

11201 West 143rd Street Orland Township . Orland Park , IL 60467