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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

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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

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

197’ on Lincoln Hwy

Retailer
99,999 SF
-
Jan 0000

CVS Pharmacy began as a single store in Lowell, Massachusetts in 1963 and grew into a retail pharmacy business within CVS Health. The company dispenses prescriptions and supports patient care through vaccinations, counseling, prescription savings, mail order pharmacy, specialty pharmacy, and prescription delivery, while also selling health and wellness products and general merchandise. CVS Pharmacy remains a major U.S. pharmacy chain with a broad neighborhood presence and is part of a larger health care platform that connects retail pharmacy, pharmacy benefits, and related services.