±9 YR CVS | No Rent Holiday | 10% Increases 3615 N Central Ave 12,076 SF Retail Building Chicago, IL 60634 $5,866,333 ($485.78/SF) 7.50% Cap Rate

We are pleased to present for sale the CVS Pharmacy property located at 3615 N Central Avenue, Chicago, IL (the “Property”). CVS has operated at this location since 2009 and is under a double net (NN) lease with limited landlord responsibilities. The current firm lease term runs through January 31, 2035, with eight (5-year) renewal option. The lease includes built-in rental escalations beginning in the first extension period, with 10% increases at each renewal, offering attractive long-term income growth for investors.
Strategically positioned in a dense infill location within the Chicago MSA, the Property benefits from outstanding demographics. There are over 355,000 residents within a 3-mile radius and more than 2.58 million within a 10-mile radius. The average household income within three miles exceeds $93,000, and the site sees over 28,000 vehicles per day, reinforcing the asset’s visibility and accessibility along a high-traffic corridor.
Located directly across the street from Community First Medical Center, a 299-bed full-service hospital, the Property draws from consistent healthcare-related foot traffic. Just blocks away is The Brickyard, a dominant open-air retail center anchored by Home Depot, Target, Lowe’s, and Marshalls, with a strong mix of national retailers including Aldi, Dollar Tree, Ross, Harbor Freight, Chipotle, and Burger King. The combination of medical and daily-needs retail enhances the Property’s long-term stability and positions CVS as a necessity-based tenant serving a diverse, established consumer base.
Listed in conjunction with Brian Brockman, Bang Realty - Illinois Inc, 513-898-1551, wg@bangrealty.com, IL DRE Lic. 471020548.