We are pleased to market for sale the CVS property located at 9551 West 171st Street in Tinley Park, IL 60487 ("The Property") located within the Chicago MSA. CVS has been successfully operating at this location for over 18 years and in 2020, agreed to sign a rare 20-year lease extension showing the performance and commitment to the location. The property is on an absolute net lease with no landlord obligations whatsoever.
In March 2024, Silver Cross and Premier Suburban Medical Group (PSMG) opened a new 42,000 square-foot, two-story medical building across the street, enhancing healthcare access in the area. This state-of-the-art facility houses primary and multi-specialty care doctors, advanced practice providers, a comprehensive lab, imaging and pharmacy services, a 20-bay cancer care and infusion center, an endoscopy suite with two procedure rooms, cardiology services, 38 exam rooms, after-hours care, and additional amenities. Across the street from the Silver Cross and PSMG facility, Orland Ridge Towns and Villas is a mixed-use development featuring approximately 300 homes and a community building equipped with exercise facilities, swimming pools, dog parks, markets, and restaurants.
Just 1.5 miles south, Loyola Medicine Tinley Park completed construction on a $69 million, 70,000-square-foot, two-story ambulatory care center in early 2023, offering an imaging center along with primary and specialty care services, including orthopedic surgery, oncology, cardiology, pulmonary medicine, and urology.
This Property offers investors the opportunity to purchase a high-performing, corporate guaranteed, CVS in a densely populated and affluent trade area. More than 172,000 people live within a 5-mile radius of the Property, with an average household income of over $118,000.
Listed in conjunction with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, IL DRE Lic. 471020548.