1008 W Garfield Ave - Freestanding FOR SALE


Bartonville, IL 61607
$3,432,520 USD
201-215-1802
1008 W Garfield Ave, Bartonville, IL for Sale
$3,432,520 USD
Freestanding - FOR SALE
1/6
null | 6.15% Cap Rate

1008 W Garfield Ave
Bartonville, IL 61607


HIGHLIGHTS

  • Long Term Lease
  • Zero Management Responsibilites
  • Investment Grade Credit
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, Absolute NNN leased CVS located at 1008 W Garfield Avenue in Bartonville, Illinois (the “Property”). CVS has been at the Property since 2000; they recast their lease in 2019 demonstrating their commitment to the site and the market by extending their lease through September 2039. CVS has 15+ years remaining on their lease with six (6), 5-year renewal options. The lease calls for 2.5% rent increases at the beginning of each renewal option period. The Property is situated on a highly visible corner parcel at the signalized intersection of S Lafayette Avenue and W Garfield Avenue, the area’s primary commercial and commuter corridor. CVS enjoys an excellent location in the center of Bartonville and is close to the town’s municipal offices, area schools, national and local retailers, businesses, entertainment, and amenities. The Property is 0.3-miles from Kroger, 0.6-miles from Aldi, and 3-miles from Peoria International Airport. Bartonville is located on the banks of the Illinois River and is 5.5-miles southwest of Downtown Peoria.

FOR SALE DETAILS

PRICE

$3,432,520 USD

PRICE/SF

$339 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

-

APN/PARCEL ID

17/26/401/022

ASK ABOUT THIS PROPERTY

Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.