3001 Washington St
Waukegan, IL 60085
CVS | One Block from Newly Renovated Hospital · Retail Property For Sale

The subject property is an 11,414 square foot CVS located in Waukegan, Illinois. CVS executed a 25 year lease which commenced in 2002, leaving approximately nine years remaining on the initial lease term with ten 5-year renewal options thereafter. The lease is absolute net providing for zero landlord responsibilities. CVS, which is publicly traded on the New York Stock Exchange under the ticker symbol “CVS”, has a current BBB credit rating by Standard & Poor’s and reported annual revenues in excess of $193 billion in 2018. Located at the intersection of Washington Street and South Green Bay Road, the subject property features exposure and accessibility along two of the area’s main traffic arteries. Combined daily traffic counts exceed 59,600 vehicles. CVS is ideally positioned approximately one block from Lake Behavioral Hospital, a 146-bed facility currently undergoing over $30.2 million in transformative renovations. Six Flags Great America, located three miles east of the subject property on Washington Street, is one of the area’s main attractions with over 2.95 million visitors annually. Ideally positioned midway between Downtown Chicago and Milwaukee, this densely populated area is home to over 109,000 residents within a three mile radius.