CVS Pharmacy (Dark)

745 West 103rd Street, Chicago, IL 60628

$6,500,000

Cap Rate 8.22%

Views: 77 DOM: 126 Updated: 09.15.24 Posted: 05.13.24 Status: Active

Summary

Price $6,500,000	Built/Renov 2009	Tenant CVS Pharmacy (Dark)
Cap Rate 8.22%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,880	Lease Start 07-15-2009	#Units 9,395
Price/SF $597.43	Expiration 07-31-2035	Tenant Type Pharmacy
NOI $534,472	R. Term 10.10	Ownership Fee Simple
Rent/SF $49.12	Increases 0.0%/0/yrs	Pop 5Mi 513,875
Lot/AC 0.78	Options 10/5yrs	AHHI 5Mi $66,380

Andrew Greenberg

HMX Realty Advisors

Contact

Lease Highlights

CVS (Dark) has been operating in this location since 2009
The tenant has 11+ years remaining on the current lease term with 10 (5-year) options to extend
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

CVS Pharmacy is strategically located at the signalized, hard corner intersection of West 103rd Street and Halsted Street, with access to a combined daily traffic count of 47,454 vehicles. Halsted Street serves as a major north-south route through the city and is supported by major transportation lines. The closest transit option is a Chicago Transit bus station located immediately across the...

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Key Features

Signalized intersection
Hard corner intersection
Near major nationals
Freeway close
Dense 200M+ pop 5 mi
Top 100 MSA
Absolute NNN
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

CVS Pharmacy Wikipedia CVS Pharmacy Wikipedia Chicago, Illinois Zip Code 60628 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: CVS Pharmacy
Guarantor:Corp T and Rated
Company:CVS Health Corporation
# Units:9,395
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: CVS

About Tenant

CVS Pharmacy, Inc. is an American retail corporation and is the largest pharmacy chain in the United States by number of locations and total prescription revenue. CVS sells prescription drugs...

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Listing Broker

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