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- LoopNet Team
2301 Locust St
Sterling, IL 61081
CVS · Retail Property For Sale
Investment Highlights
- New 20 Year Lease Extension
- Located at a Signalized Intersection
- Closest CVS is 30 Miles Away
- 38 Year Operating History
- CVS Caremark Corp Guarantee | Investment Grade Tenant
PROPERTY FACTS
Amenities
- Signalized Intersection
About 2301 Locust St , Sterling, IL 61081
HMX Realty Advisors on behalf of ownership, is pleased to exclusively offer for sale the fee simple interest in this CVS/pharmacy located in Sterling, IL. The tenant, CVS, has 19.5 years remaining on its initial 20-year NN lease. CVS Health Corporation, the guarantor of the lease, is investment grade and boasts a Standard & Poor’s rating of BBB. Sterling is located 116 miles west of downtown Chicago, 56 miles southwest of Rockford and 50 miles east of the Quad Cities. The property services the Sauk Valley community with a population of approximately 60,000 including more than 40,000 residents in Sterling, Rock Falls and Dixon.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $508,035 | |
| Land Assessment | $31,864 | Total Assessment | $539,899 |
PROPERTY TAXES
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