CVS (24-Hour Location) 3951 W 103rd St 15,414 SF Retail Building Chicago, IL 60655 $5,461,538 ($354.32/SF) 6.50% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased CVS property located in Chicago, Illinois. CVS has been successfully operating from this location since its construction in 2002. CVS recently signed a long-term extension through January 2039, demonstrating commitment to the site. The store operates 24 hours a day, further reinforcing the strength of the location. The lease is absolute triple net presenting no landlord responsibilities. It also features rental escalations throughout the ten 5-year renewal options. Portions of the property are master leased by CVS to Subway and CD One Price Cleaners. Both sub-tenants have been successfully operating from this location since 2002 and 2003, respectively.
The 15,414-square-foot building is strategically positioned along West 103rd Street (23,000 VPD) and Pulaski Road (29,300 VPD), a major thoroughfare. The property sits within a dense retail corridor anchored by national brands such as Target, Home Depot, Walmart, Sam’s Club, CVS, Jewel-Osco, Aldi, and Staples. Chicago is the third largest metropolitan area in the United States with over 9 million people, and is an international hub for ?nance, commerce, industry, technology, telecommunications, and transportation, with O’Hare International Airport being one of the busiest in the world. The site is also adjacent to Saint Xavier University, which has a student population of approximately 3,300. The surrounding area is well-populated with nearly 490,000 residents within ?ve miles. Those of which earn an average household income exceeding $70,000.
CVS Health Corporation, founded in 1963 in Lowell, Massachusetts, is a leading health solutions company dedicated to providing prescription services, health and wellness products, and innovative care to millions of customers. Operating through the revenue generated by its network of over 9,000 retail pharmacies across the United States—including locations in all 50 states—CVS Health transforms everyday health needs into accessible, personalized solutions.