3400 Lincoln Hwy - Freestanding FOR SALE


Olympia Fields, IL 60461
$6,327,000 USD
949-547-2213
3400 Lincoln Hwy, Olympia Fields, IL for Sale
$6,327,000 USD
Freestanding - FOR SALE
1/10
null | 7.3% Cap Rate

3400 Lincoln Hwy
Olympia Fields, IL 60461


HIGHLIGHTS

  • Corporate Guaranteed Lease (S&P: BBB) | Consolidation Store | Over 8 Years Remaining | 17+ Years of Operating History
  • Signalized, Hard Corner Intersection | Adjacent to Metra Station |Interstate 57 (85,900 VPD) | Olympia Fields Country Club
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Franciscan Health (214 Beds) | UChicago Medicine (485 Beds) | Dense Retail and Medical Corridor | Adjacent VCA Relocation Site
  • Tax Advantages and Passive Equity Growth | Zero Cash Flow | Paydown / Readvance Structure Available
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

The site is directly adjacent to the 211th Street/Lincoln Highway Metra Electric station, which provides direct service to downtown Chicago’s Millennium Station and generates approximately 2,600+ weekday boardings per week. CVS is strategically located at the signalized, hard corner intersection of Olympian Way and Lincoln Highway which supports more than 43,000 vehicles per day. Furthermore, the asset benefits from nearby access to Interstate 57 (85,900 VPD), Highway 50 (17,200 VPD), Western Ave (15,900 VPD), and more. Moreover, the site benefits from strong healthcare-driven traffic dynamics, situated near Franciscan Health Olympia Fields (214 beds) and UChicago Medicine at Ingalls Flossmoor as part of the broader UChicago Medicine Ingalls network anchored by a 485-bed main hospital. In addition, the subject property is positioned less than 2 miles east of Matteson Center, a 150,000 SF community center anchored by Burlington, Marshalls, Ross, PetSmart, Dollar Tree, and more. Other nearby national/credit tenants include Walmart Supercenter, Sams Club, Home Depot, Food4Less, Aldi, Meijer, and more. Lastly, the asset is within walking distance of Olympia Fields Country Club, a nationally recognized course that has hosted major championship events, including the 1928 and 2003 U.S. Open. The 5-mile subject trade area is supported by more than 159,000 residents and 54,000 daytime employees who earn average household incomes of more than $100,000.

FOR SALE DETAILS

PRICE

$6,327,000 USD

PRICE/SF

$530 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,997 SF

ZONING

B-3

APN/PARCEL ID

31-23-200-019-0000,31-23-200-020-0000

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.