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

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Key Facts

Year Built 2005
Building Area

Property Description

JLL is pleased to offer for sale the Ground Lease interest in a freestanding single-tenant CVS Pharmacy (the “Property” or “Asset”) located in Schaumburg, Illinois. The Property is strategically positioned at the signalized intersection of West Irving Park Road and West Wise Road, providing excellent visibility and accessibility to the 65,700 vehicles passing on a daily basis. This offering presents the unique opportunity to acquire an essential service oriented Property, backed by an investment grade corporate guaranty within the Chicago MSA.

Investment Highlights

ESSENTIAL SERVICE ORIENTED TENANCY WITH CORPORATE GUARANTY

CVS Health (NYSE: CVS) is the largest pharmacy health care provider in the United States by total prescription revenue

CVS carries an investment grade credit rating of ‘BBB’ from S&P Global and ‘Baa2’ from Moody’s Investor Services

The company has been deemed an essential service and will continue to operate throughout the longevity of the COVID-19 pandemic

As non-essential retailers are forced to close, CVS has seen a massive increase in demand for prescriptions and products

EXCELLENT VISIBILITY + ACCESSBILITY AT SIGNALIZED INTERSECTION

At the lighted intersection of W. Irving Park Rd and W. Wise Rd, providing maximum exposure to more than 65,700 vehicles passing on a daily basis

Includes a full service CVS Pharmacy with drive-thru window, allowing customers to obtain products and medications without leaving their car

Located just blocks away from Illinois Route 390 – 72,400 VPD

Consists of four points of entry, offering maximum accessibility to customers

STRONG DEMOGRAPHIC PROFILE IN SCHAUMBURG, IL – CHICAGO MSA

More than 278,000 residents live within a five-mile radius of the property, with average annual household income of approximately $103,774

Situated 27 miles North-West of downtown Chicago, and 11 miles West of O’Hare International Airport

Schaumburg was recently voted the “Best Place to Live in Illinois” according to Money Magazine

Surrounding retail trade area tenants include Menards, Bank of America, Harbor Freight Tools and Tony’s Fresh Market

NET LEASE STRUCTURE WITH NO LARDLORD RESPONSIBILITIES

The Tenant is on a NNN Ground Lease with no landlord responsibilities

Over 10.5 years of primary lease term remaining

The lease provides for six, five-year options with 10% increases every five years

Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
Licensed in
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director
Licensed in
475.189621

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