Available For Sale - Retail

10,000 SF | Show Pricing $

AVAILABILITY DETAILS

Size
10,000 SF
Price/SF
Show Pricing $
Listing ID
SA398547
Notes
Cap Rate 5.01%

NOI $500,919

Building Size 10,000 sqft

Occupancy 100%

Year Built 2011

CVS Pharmacy is strategically located at the signalized, hard corner intersection of W. Cermak Rd. and Harlem Ave., averaging 64,800 combined vehicles passing by daily. The building is outfitted with a drive-thru pharmacy, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The building is equipped with multiple large monument signs, creating excellent visibility along W. Cermak Rd. and Harlem Ave. CVS Pharmacy benefits from nearby on/off ramp access to Interstate 290 (176,600 VPD), a well-traveled commuter thoroughfare for the Chicago metropolitan area. The property is within walking distance to North Riverside Park Mall, a 1,111,300 SF shopping mall featuring over 120 retail, dining, and entertainment options. In addition, the asset is strategically positioned between Costco Wholesale and a Walmart Supercenter, anchors that significantly increase consumer draw to the immediate trade area. The building is ideally positioned in the heart of the North Riverside retail corridor and is within close proximity to multiple shopping centers including North Riverside Plaza (289,100 SF), Cermak Plaza (291,000 SF), and Forest Park Plaza (344,800 SF). W. Cermak Rd. is the primary retail corridor serving the immediate trade area, with other nearby national/credit tenants including Kohl’s, Party City, Jewel Osco, Marshalls, JC Penney, Best Buy, Goodwill, Burlington, and more. The site is less than 2 miles east of a massive medical complex which includes Loyola Medical School, Edward Hines, Jr. VA Hospital, and John J. Madden Mental Health Center. Together the medical centers contain over 790 beds and offer a variety medical services and treatments. The 5-mile trade area is supported by more than 647,400 residents and 202,700 daytime employees with an average household income of $78,900.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
John Redfield, SRS National Net Lease Grouo