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Drug Store

CVS

303 S State St, Jerseyville, IL 62052

Listing Price: $5,127,265

Cap Rate
6.40%
Tenant Name
CVS
Years Remaining On Lease
16.7
Gross SF
11,945
Guarantor
Corporate Guarantee
Rentable SF
11,945
Price/Gross SF
$429.24
Lease Type
Double Net
Rent Per Square Feet
$27.47

Investment Overview

CVS Health Corporation is an American retail pharmacy and health care company. The company sells prescription drugs and a wide assortment of general merchandise.

Jerseyville is a charming city located in Jersey County, Illinois. The city is a part of the Metro-East region and the St. Louis Metropolitan Statistical Area, the 21st-largest MSA in the United States.

Investment Highlights

  • Over 16 Years Remaining on Corporate Guaranteed Lease Term with CVS Health
  • Five Percent Rental Increases in Multiple Renewal Options
  • Situated at High-Visibility Signalized Hard-Corner Location with Over 22,750 Combined Cars per Day at the Intersection of S State St / US-67 & E Carpenter St
  • Centralized Location in Immediate Proximity to Downtown History Jerseyville
  • Growing Trade Area with Population and Households Projected to Increase Between Two to Three Percent in the Next Five Years
  • Immediate Proximity to Major Retailers: Walgreens, Walmart Supercenter, Dollar Tree, Arby's, Burger King, Taco Bell, McDonald's, and More
  • Less Than 2 Miles from Jersey Community Hospital, and Jersey Community High and Middle Schools
  • Part of the St. Louis, MO MSA, Only 40 Minute Commute to Downtown St. Louis

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Listing Price: $5,127,265

Cap Rate
6.40%
Tenant Name
CVS
Years Remaining On Lease
16.7
Gross SF
11,945
Guarantor
Corporate Guarantee
Rentable SF
11,945
Price/Gross SF
$429.24
Lease Type
Double Net
Rent Per Square Feet
$27.47

Investment Highlights

  • Over 16 Years Remaining on Corporate Guaranteed Lease Term with CVS Health
  • Five Percent Rental Increases in Multiple Renewal Options
  • Situated at High-Visibility Signalized Hard-Corner Location with Over 22,750 Combined Cars per Day at the Intersection of S State St / US-67 & E Carpenter St
  • Centralized Location in Immediate Proximity to Downtown History Jerseyville
  • Growing Trade Area with Population and Households Projected to Increase Between Two to Three Percent in the Next Five Years
  • Immediate Proximity to Major Retailers: Walgreens, Walmart Supercenter, Dollar Tree, Arby's, Burger King, Taco Bell, McDonald's, and More
  • Less Than 2 Miles from Jersey Community Hospital, and Jersey Community High and Middle Schools
  • Part of the St. Louis, MO MSA, Only 40 Minute Commute to Downtown St. Louis

Investment Overview

CVS Health Corporation is an American retail pharmacy and health care company. The company sells prescription drugs and a wide assortment of general merchandise. Jerseyville is a charming city located in Jersey County, Illinois. The city is a part of the Metro-East region and the St. Louis Metropolitan Statistical Area, the 21st-largest MSA in the United States.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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