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CVS 501 W Center St 7,210 SF Retail Building Eureka, IL 61530 $1,052,000 ($145.91/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
7,210 SF
Building Class
C
Year Built
1994
Price
$1,052,000
Price Per SF
$145.91
Cap Rate
6.50%
NOI
$68,424
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.22
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 in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| 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 | $203,674 |
| Land Assessment | $76,921 | Total Assessment | $280,595 |
Property Taxes
Parcel Number
13-12-404-012
Land Assessment
$76,921
Improvements Assessment
$203,674
Total Assessment
$280,595
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CVS | 501 W Center St
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