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3034 Lincoln Avenue - CVS, Peoria, IL

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3034 Lincoln Avenue - CVS

Peoria, IL 61604-5935 - South Peoria Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1998
Building Size:9,969 SF Land Area:-
For Sale Price:$2,385,637 Price/SF:$239.31
Cap Rate:8.00 %
Parking:Free Surface spaces are available; Ratio of 3.51/1,000 SF
Features:Pylon Sign, Signalized Intersection, Drive Thru

Sale Notes:
Stan Johnson Company is pleased to offer the opportunity to purchase a 100% fee simple interest in a free standing CVS Pharmacy located in Peoria, IL with market rents, short lease term, and a high yield opportunity. The Property offers an absolute triple net lease with no landlord responsibilities whatsoever and an investment grade rated tenant.
CVS is located on the best signalized intersection in the market, where three major roadways merge to form a combined traffic count of 28,483 VPD. The relocation of this store is very unlikely. This intersection is shared by Heritage Bank and a Kroger-anchored shopping center which includes Family Dollar and CEFCU Credit Union. Residents frequent this area for daily needs, perfectly positioning CVS to take advantage of one of the busiest corners in the area.

Stan Johnson Company
Tom Fritz
(312) 240-0127

Matt Spangenberg
(312) 240-0127

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