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Views: 83 DOM: 184 Updated: 10.25.24 Posted: 05.21.24 Status: Active

Summary

Price $3,518,333
Built/Renov 2000
Tenant CVS Pharmacy
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,113
Lease Start 10-01-2019
#Units 9,395
Price/SF $347.90
Expiration 09-30-2039
Tenant Type Pharmacy
NOI $211,100
R. Term 14.10
Ownership Fee Simple
Rent/SF $20.87
Increases 2.5%/15/yrs
Pop 5Mi 62,000
Lot/AC 1.54
Options 6/5yrs/2.5%
AHHI 5Mi $79,398

Lease Highlights

  • CVS Pharmacy has a 20+ year operating history in this location
  • The tenant recently extended their lease and has 14+ years of firm term remaining with 6 (5-year) options to extend
  • The lease featues 2.5% rental increases at the start of each renewal option
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

CVS Pharmacy is strategically located on a highly visible corner parcel at the signalized intersection of S Lafayette Avenue and W Garfield Avenue, the area’s primary commercial and commuter corridor. CVS enjoys excellent visibility, frontage, signage, and access in the center of Bartonville. The site is close to the town’s municipal offices, area schools, national and local retailers,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 and...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 4,128 16,596 56,563
2024 Total Population : 4,298 17,304 57,770
2024 Employed Civilian Pop : 2,231 7,765 26,042
2024 Total Businesses : 200 569 1,851
2024 Average Household Income : $ 87,326 $ 79,800 $ 75,350
2024 Total Consumer Spending : $ 150 M $ 524 M $ 1632 M
2024 Median Age : 44 42 39
2024 Total Households : 1,951 7,381 24,155
2024 Pop Age 25+: Bachelor's Degree : 369 1,357 4,930
2024 Average Home Value : $ 217,625 $ 195,290 $ 169,648
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Lafayette Ave Lauterbach Cir 2008 2,650 0.03 mi
Garfield Avenue S Lafayette Ave 2018 7,500 0.04 mi
S Lafayette Ave Lauterbach Cir 2008 2,650 0.07 mi
South Lafayette Avenue Pfeiffer Rd 2022 1,850 0.08 mi
North Lafayette Avenue Gulf Stream Ave 2022 1,550 0.08 mi
N Lafayette Ave Collins Ct 2008 1,900 0.09 mi
Garfield Ave Dorothy Ave 2008 9,300 0.09 mi
Garfield Ave Granville Ave 2002 10,900 0.14 mi
Ricketts Ave Garfield Ave 2002 10,100 0.22 mi
Ricketts Ave Hatterman St 2008 2,250 0.22 mi

Listing Broker

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