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Drug Store

CVS Pharmacy

820 N Vermilion St, Danville, IL 61832

Listing Price: $4,222,222

Cap Rate
4.50%
Tenant Name
CVS Health Corporation
Years Remaining On Lease
20.7
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.00

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 820 North Vermilion Street in Danville, IL. This CVS is subject to a long-term, absolute triple-net (NNN) lease that was recently extended by 20+ years. Starting on February 1, 2023, the rent will be $190,000 per year. From there, the rent is scheduled to increase by 5.00% at the start of the first and second option periods. The lease calls for a total of ten (10), five (5)-year tenant renewal options.

Investment Highlights

  • Long-Term, Absolute Triple-Net (NNN) Lease with 20+ Years Remaining on the Lease
  • CVS Corporate Guaranty | Investment Grade Credit | "BBB" S&P Credit Rating
  • Long Term Occupancy | The Tenant Has Been at This Location For Over 20+ Years and Just Extended the Lease by 20 Years | Strong Commitment to this Site

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

Listing Price: $4,222,222

Cap Rate
4.50%
Tenant Name
CVS Health Corporation
Years Remaining On Lease
20.7
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.00

Investment Highlights

  • Long-Term, Absolute Triple-Net (NNN) Lease with 20+ Years Remaining on the Lease
  • CVS Corporate Guaranty | Investment Grade Credit | "BBB" S&P Credit Rating
  • Long Term Occupancy | The Tenant Has Been at This Location For Over 20+ Years and Just Extended the Lease by 20 Years | Strong Commitment to this Site

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 820 North Vermilion Street in Danville, IL. This CVS is subject to a long-term, absolute triple-net (NNN) lease that was recently extended by 20+ years. Starting on February 1, 2023, the rent will be $190,000 per year. From there, the rent is scheduled to increase by 5.00% at the start of the first and second option periods. The lease calls for a total of ten (10), five (5)-year tenant renewal options.

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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