Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Building Area
Land Area ()

Property Description

JLL is pleased to offer for sale the fee simple interest in a corporate Absolute NNN Lease to CVS Pharmacy (the “Property" or “Asset") located in Hickory Hills, IL (Chicago MSA). The Asset gives potential investors the unique opportunity to own a completely passive investment within a 20-minute drive of the Chicago CBD. With 10.5 years of term remaining, investors will enjoy investment grade stability. There is no other CVS within a 2.5 mile radius of the site, which sits in a dense residential area that is poised to benefit from tailwinds in the adjacent Bridgeview neighborhood.

Investment Highlights

  • Absolute NNN CVS with 10.5 years remaining and a 15-year operating history
  • Situated in Hickory Hills, 8 miles from Midway Airport and 15-miles from downtown Chicago
  • No other CVS within a 2.5-mile radius
  • Nearly 219,000 residents within a 5-mile radius
  • Investment grade (S&P: "BBB") credit from CVS, the 7th largest global company by revenue
Last Updated Date: 06 Jul 2021
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 06 Jul 2021

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