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

Documents

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Key Facts

Year Built 2002
Lease Type NN
Current / Passing Rent
Lease Expiration 2038-01-31
Remaining Term 17 years, 7 months
Tenant CVS Health
Building Area

Property Description

JLL is pleased to offer CVS Pharmacy for sale. Located at the intersection of Lebanon and West South streets, CVS has leased this property since 2002, showing a long-term commitment to the location. The property is set within a high-visibility intersection that sees over 24,900 vehicles pass through on a daily basis.

Investment Highlights

  • Net lease structure with over 18 years remaining
  • Includes four, 5-year renewal options
  • Rental increases of 6% for each option
  • Lease backed by a corporate guarantee by CVS Corporation


Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
Licensed in
IL - 475.170243
Nicholas Kanich
Senior Director, Capital Markets

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