11201 W 143rd St - Drug Store FOR SALE
Orland Park, IL 60467 |
$5,545,000 USD
612-432-9935
11201 W 143rd St
Orland Park, IL 60467
HIGHLIGHTS
- Absolute Triple Net (NNN) Lease with zero landlord responsibility and drive-thru equipped.
- CVS Health Corporation maintains an investment-grade credit rating, with S&P Global at BBB, while operating approximately 9,028 retail pharmacy.
- Full rent holiday amount delivered upfront in the form of an interest-bearing escrow account ($1,073,268).
- This drive-thru-equipped location benefits from nearly 20 years of established CVS operations.
- Less than 2 miles from the subject property, a massive $120 million mixed-use development is underway in downtown Orland Park.
- Orland Park boasts exceptional demographics, with an average household income exceeding $145,000 within a 2-mile radius.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale a 12,911 SF CVS Pharmacy located at 11201 W 143rd Street in Orland Park, IL. The property sits on a 1.96-acre hard corner, signalized parcel and features an Absolute Triple NNN (NNN) Lease with CVS, including an upfront 1:1 escrow account fully covering the rent holiday period.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
FOR SALE DETAILS
PRICE
$5,545,000 USD
PRICE/SF
$429 USD /SF
CAP RATE
6.45%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS - Orland Park, IL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
77
LAND DETAILS
LAND ACRES
1.96 AC
LAND SF
85,378 SF
ZONING
C
APN/PARCEL ID
27-07-201-010-0000
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612-432-9935
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612-432-9935
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