900 E Main St - Freestanding FOR SALE


Danville, IL 61832
$2,806,392 USD
619-297-0055
900 E Main St, Danville, IL for Sale
$2,806,392 USD
Freestanding - FOR SALE
1/3
null | 13% Cap Rate

900 E Main St
Danville, IL 61832


HIGHLIGHTS

  • ±13,225 SF freestanding building on a 1.99-acre parcel; built in 2010 and maintained by CVS under an absolute NNN lease structure.
  • Over $2.31 million in remaining rent from CVS before the free rent period.
  • Opportunity to allow investors to collect guaranteed income while evaluating re-tenanting, redevelopment, or repositioning strategies.
  • Positioned along East Main Street (IL-1), a primary arterial corridor in Danville, offering excellent visibility, access, and consistent regional traf

OVERVIEW

We are pleased to present for sale the vacant CVS property located at 900 E. Main St, Danville, IL 61832 (the “Property”). The ±13,225 square foot freestanding building was constructed in 2010 and sits on fee simple land along East Main Street (IL-1) a key north-south arterial through Danville offering high visibility and convenient access to US Route 150 and Danville Mass Transit. CVS remains obligated on the lease through January 30, 2035, with a corporate guarantee in place during the base term. Notably, the lease provides for a free rent period beginning February 1, 2032. The buyer will benefit from approximately $2,310,596 in remaining rental income over the next 6+ years. Listed in conjunction with Brian Brockman, Bang Realty - Illinois, 513-898-1551, wg@bangrealty.com, IL DRE Lic. 471020548.

FOR SALE DETAILS

PRICE

$2,806,392 USD

PRICE/SF

$212 USD /SF

CAP RATE

13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former CVS $2.3M Guaranteed Income

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

B-2

APN/PARCEL ID

23-09-221-001

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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