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- LoopNet Team
608 S Main St
Hillsboro, IL 62049
CVS | $1.5M | 12.5 Yrs | NNN | Illinois · Retail Property For Sale
PROPERTY FACTS
ABOUT 608 S MAIN ST , HILLSBORO, IL 62049
12.75 years of lease term remaining on an absolute net lease with no landlord responsibilities. The lease allows for approximately five percent (5%) increases every five years during the initial term and the two (5-year) options. Next rent increase takes place on January 1, 2022. Income is guaranteed by CVS Corporate investment grade credit rating of BBB (S&P), Top 10 Fortune 500 Company with over 9,900 locations. This location has 60+ years of grocery/pharmacy operating history and has been a staple in the community as a grocery store in the 1960's then a pharmacy in the 1980's. CVS took over the lease and extended the terms in 2017. The subject property is located approximately 0.9 miles east of Hillsboro Area Hospital. This hospital offers 24/7 emergency services as well as inpatient care and rehabilitation services. Only freestanding national drugstore chain in Hillsboro. The closest CVS is 18 miles away and the closest Walgreens is over 9.5 miles away. There are no Rite Aids in the state of Illinois. The subject property is located at the intersection of South Main Street and School Street in the heart of Hillsboro just blocks from downtown, county offices, and schools.
PROPERTY TAXES
| Parcel Number | 16-11-232-013 | Improvements Assessment | $105,480 |
| Land Assessment | $28,420 | Total Assessment | $133,900 |
PROPERTY TAXES
