Investment Offering
Kewanee, IL - CVS
444 S. Main Street | Keithsburg, IL 61443
$3,630,000
Price6.25%
Cap Rate$226,887
NOI13,420
± SF Offering GLADescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, investment grade (S&P: BBB), corporate guaranteed, CVS Pharmacy investment property located in Kewanee, IL. The tenant has approximately 16 years remaining in their initial term with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease is corporate guaranteed by CVS Health Corporation (S&P: BBB) and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. CVS is the largest pharmacy chain in the United States with more than 9,900 stores across 49 states, the District of Columbia, and Puerto Rico.
Location
- Located near the signalized, hard corner intersection of S. Main Street and E. Prospect Street, averaging a combined 12,600 vehicles passing by daily
- The building is complete with a drive-thru pharmacy, providing ease and convenience for customers
- Nearby national/credit tenants include Walmart Supercenter, Goodwill, Aldi, Menards, O’Reilly Auto Parts, Save-A-Lot Grocery, and more
Documents & Links
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Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215