19900 LaGrange rd - Drug Store FOR SALE


Frankfort, IL 60423
$5,726,336 USD
847-562-8500
19900 LaGrange rd, Frankfort, IL for Sale
$5,726,336 USD
Drug Store - FOR SALE
1/23
null | 6.25% Cap Rate

19900 LaGrange rd
Frankfort, IL 60423


HIGHLIGHTS

  • NO RENT HOLIDAY
  • Over 9 years remaining on the primary lease term
  • NNN – no landlord responsibilities
  • Over 136,000 people live within a five-mile radius
  • Affluent area – $151,000+ average household income (three miles)
  • Located between two shopping centers - Hickory Creek Market Place & Mokena Towne Square

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,726,336 USD

PRICE/SF

$433 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS - Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

77,959 SF

ZONING

-

APN/PARCEL ID

09-16-206-048

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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