CVS Pharmacy
STreamWooD, IL
CVS Health Corporation (NYSE: CVS) operates retail pharmacy and pharmacy benefit management businesses in the United States. The company offers prescription drugs, general merchandise, including over the counter drugs, beauty products and cosmetics, seasonal merchandise, greeting cards, convenience foods, and film and photofinishing services.
Property Information
- Tenant: CVS Pharmacy
- Location: 680 South Sutton Road, Streamwood, IL
- Property Type: Freestanding, Retail
- Building Size: 13,013 Square Feet
- Acreage: 1.6 Acres
- Purchase Price: $7,616,615
- Cap Rate: 5.30%
Streamwood, IL
The Village of Streamwood is one of the fastest growing communities within the Chicago metropolitan area. Located within the high growth northwest suburban corridor, Streamwood is ideally located just minutes from O’Hare Airport.
Although Streamwood is predominantly a residential community, it enjoys a thriving business community. The Village supports over 600 businesses.
About Tenants-In-Common
Tenants-in-Common or TIC ownership allows multiple buyers to purchase an undivided percentage of a single piece of property. Each buyer receives his own deed to the property and benefits from all of the income, tax shelters and appreciation it provides. This Millcreek Commercial property has the following characteristics:
- Property is offered debt-free
- Long-term, corporate-guaranteed lease
- Satisfies IRS requirements for 1031 exchanges
Office | 801.899.1943
Lease Information
- Lease Guarantor: CVS Corporation
- Initial Lease Term: 10 Years remaining
- Renewal Options: Two 5-year Extensions
- Lease Type: Absolute NNN Lease
