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CVS 501 W Center St 8,050 SF Retail Building Eureka, IL 61530 $1,052,000 ($130.68/SF) 6.50% Cap Rate
Investment Highlights
- Investment-Grade BBB Credit Rated CVS Health Corporation with $96 Billion Market Cap and Fortune 500 Ranking
- Recently Extended Five-Year Lease Term Running Through January 2029 with Additional Five-Year Option Available
- NN Lease Structure with Landlord Responsible for Roof and Structure Only Providing Predictable Returns
- Established 30-Year Operating History Since 1994 with Three Successful Lease Renewals Demonstrating Commitment
- Attractive $1,052,000 Price Point Below Typical $3-5 Million CVS Investment Range with Strong Upside Potential
Executive Summary
Matthew M. Fitzgerald
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
8,050 SF
Building Class
C
Year Built
1994
Price
$1,052,000
Price Per SF
$130.68
Cap Rate
6.50%
NOI
$68,424
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.24
Lot Size
0.76 AC
Zoning
C-2
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
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 Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-12-404-012 | Improvements Assessment | $219,846 |
| Land Assessment | $83,029 | Total Assessment | $302,875 |
Property Taxes
Parcel Number
13-12-404-012
Land Assessment
$83,029
Improvements Assessment
$219,846
Total Assessment
$302,875
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