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CVS Pharmacy 3400 Lincoln Hwy 13,225 SF Retail Building Olympia Fields, IL 60461 $5,921,000 ($447.71/SF) 7.80% Cap Rate
Investment Highlights
- Corporate Guaranteed Lease (S&P: BBB) | Consolidation Store | Over 8 Years Remaining | 17+ Years of Operating History
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Tax Advantages and Passive Equity Growth | Zero Cash Flow | Paydown / Readvance Structure Available
- Signalized, Hard Corner Intersection | Adjacent to Metra Station |Interstate 57 (85,900 VPD) | Olympia Fields Country Club
- Franciscan Health (214 Beds) | UChicago Medicine (485 Beds) | Dense Retail and Medical Corridor | Adjacent VCA Relocation Site
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,225 SF
Building Class
B
Year Built
2009
Price
$5,921,000
Price Per SF
$447.71
Cap Rate
7.80%
NOI
$461,859
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.56 AC
Zoning
B-3 - Commercial Service & Wholesale District
Parking
70 Spaces (5.29 Spaces per 1,000 SF Leased)
Frontage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Jan 0000
CVS Pharmacy began as Consumer Value Stores in Lowell, Massachusetts in 1963 and introduced pharmacies inside stores a few years later in Cranston, Rhode Island. The business operates as part of CVS Health, a broader health care company that combines retail pharmacy with pharmacy services, mail order, specialty pharmacy, prescription delivery, vaccinations, and clinical support. CVS Pharmacy serves consumers through a wide network of neighborhood pharmacies and offers services tied to medication access, counseling, and wellness needs. Over time, the company expanded from a single store format into a major U.S. pharmacy presence with a national footprint in health care delivery.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 99,999 SF | - | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $275,946 | |
| Land Assessment | $51,000 | Total Assessment | $326,946 |
Property Taxes
Parcel Numbers
Land Assessment
$51,000
Improvements Assessment
$275,946
Total Assessment
$326,946
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