1005 E Roosevelt Rd
Lombard, IL 60148
CVS For Sale Chicago | $1.8M | 20 Yrs | NNN · Retail Property For Sale

Pharma Property Group is pleased to present the opportunity to purchase a CVS with approximately 20 years of lease term remaining on an absolute net lease with no landlord responsibilities whatsoever. CVS has eight (5 year) options to extend. Income is guaranteed by CVS Corporate (S&P BBB+, NASDAQ CVS). The lease allows for rent increases of 2.5% at each of the options. This is a rare 20-year CVS investment opportunity under the $2,000,000 price point. An investor would be purchasing the building at a modest $141 per square foot and CVS pays a below market rent at $7.09 a square foot. CVS also receives supplemental income from leasing out a portion of the building to Subway. The subject property is located 1.4 miles south from Advocate Good Samaritan Hospital with 333 beds and over 3,600 doctors and staff. Midwestern University is a medical school located 2.5 miles southwest with approximately 3,300 students and staff on a 105-acre campus. The subject property is located on the signalized southeast corner of Roosevelt Road (±47,555 vehicles per day) and South Westmore Meyers Road (±18,800 vehicles per day) with a combined traffic count of ±66,355 vehicles per day. This CVS is located 19 miles of downtown Chicago in the 3rd largest MSA in the United States with approximately 9.5 million residents. The average household income is $112,272 and there are 260,961 residents in a five-mile radius of the subject property. This CVS is located 19 miles of downtown Chicago in the 3rd largest MSA in the United States with approximately 9.5 million residents. The average household income is $112,272 and there are 260,961 residents in a five-mile radius of the subject property.