The Boulder Group is pleased to exclusively market for sale a single tenant net leased CVS Pharmacy property positioned within the Chicago MSA in Mokena, Illinois. CVS has been operating at this location since 2009, demonstrating commitment to the site. The current lease runs through October 2034 and is triple net featuring no landlord responsibilities. Furthermore, the lease includes ten 5-year renewal options, with 5% rental escalations beginning at the start of the second renewal term and continuing with each subsequent renewal. This lease does NOT contain a rent holiday.
The 13,225 square-foot building benefits from its signalized hard corner position along US Highway 45 which experiences over 36,000 vehicles per day. US-45 is also a main thoroughfare that leads directly north to interstate 80 (116,000 VPD). The property is positioned between two well-tenanted shopping centers (Hickory Creek Market Place & Mokena Towne Square). Notable tenants occupying the corridor include The Home Depot, ALDI, Staples, Emagine Cinema, Brookhaven Market, Goodwill, AutoZone, Sherwin-Williams, and several others. The property is also located less than two miles north of Lincoln-Way East High School which has nearly 2,800 students enrolled. There are over 136,000 people living within a five-mile radius of the property. Furthermore, the population found within a three-mile radius is affluent and earns an average household income in excess of $151,000.
CVS Pharmacy is a leading healthcare and retail company in the United States, known for providing a wide range of pharmaceutical services, health products, and wellness solutions. With over 9,500 locations across the country, CVS operates as a trusted source for prescription medications, over-the-counter products, health screenings, immunizations, and more. As part of CVS Health, the company emphasizes customer care and accessibility, offering services that support both preventative and ongoing health needs. CVS is also committed to health innovation, partnering with healthcare providers and using technology to deliver personalized care and improve patient outcomes. Through its convenient retail locations and extensive digital platform, CVS continues to impact millions of lives, making healthcare more accessible and affordable for communities nationwide.