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Drug Store

CVS Pharmacy | 11+ Year Lease | True NNN

6506 N Alpine Rd, Loves Park, IL 61111

Listing Price: $8,033,856

Cap Rate
6.25%
Tenant Name
CVS
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
11,959
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.99

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located in Loves Park, Illinois. The property consists of roughly 11,959 rentable square feet of building space on an estimated 2.52-acre parcel of land. The subject investment property is a CVS Pharmacy situated in between the intersection of North Alpine Road, East Riverside Boulevard, and Forest Hills Road. The site is located just five-miles from downtown Rockford, the largest city in Illinois, outside of the Chicago metropolitan area. Which brings increased traffic on a daily basis as well as strong population density including over 64,200 people residing within three miles of the property.

Investment Highlights

  • Absolute triple-net lease with over 11 years of term remaining
  • Compelling real estate fundamentals
  • Hard corner location and main four way location with over 147,000 People Live Within Five Miles of the Property
  • Corporate Guaranty, absolute NNN lease and zero landlord responsibilities

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Drug Store

CVS Pharmacy | 11+ Year Lease | True NNN

Listing Price: $8,033,856

Cap Rate
6.25%
Tenant Name
CVS
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
11,959
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.99

Investment Highlights

  • Absolute triple-net lease with over 11 years of term remaining
  • Compelling real estate fundamentals
  • Hard corner location and main four way location with over 147,000 People Live Within Five Miles of the Property
  • Corporate Guaranty, absolute NNN lease and zero landlord responsibilities

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located in Loves Park, Illinois. The property consists of roughly 11,959 rentable square feet of building space on an estimated 2.52-acre parcel of land. The subject investment property is a CVS Pharmacy situated in between the intersection of North Alpine Road, East Riverside Boulevard, and Forest Hills Road. The site is located just five-miles from downtown Rockford, the largest city in Illinois, outside of the Chicago metropolitan area. Which brings increased traffic on a daily basis as well as strong population density including over 64,200 people residing within three miles of the property.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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