CVS Pharmacy - Absolute NNN Lease | 6748 W 111th St
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CVS Pharmacy - Absolute NNN Lease 6748 W 111th St
16,000 SF Retail Building Worth, IL 60482 $6,730,000 ($421/SF) 5% Cap Rate
Investment Highlights
- Rare CVS with No Rent Holiday or Declining Rent in Option
- 14 Years Remaining in Primary Term and five 5-year Renewal Options - 5% Rent Increases Every Option Period
- Positioned on Hard Corner Signalized Intersection W 111th Street (29,172 VPD) & S Oak Park Ave
- Absolute NNN Lease – Zero Landlord Responsibilities
- Long Term Occupancy – Occupied this Location Since 1990
- 16,000 SF Standalone Building with Minic Clinic Services Large 2.64 AC Parcel
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to present an exceptional investment opportunity to acquire a high-quality, single-tenant CVS property located in Worth, Illinois, within the thriving Chicago Metropolitan Statistical Area (MSA). This asset offers a long-term, absolute NNN lease with over 14 years remaining in the primary term, plus five 5-year renewal options, each with 5% rent increases—making it a prime choice for investors seeking stable, passive income for years to come.
The 16,000 SF building is situated on a 1-acre parcel at a highly visible and accessible location along W 111th Street and Normandy Avenue W (29,172 VPD), just adjacent to Interstate 294 (154,600 VPD). With its prominent position and easy access, the property enjoys excellent traffic and visibility, ensuring continued success for the tenant. Nearby retailers and amenities include CIBC Bank, O’Reilly Auto Parts, Chase Bank, Baskin-Robbins, Subway, Dollar Tree, Family Dollar, Advance Auto, Walgreens, and many others, making this a well positioned asset in a busy retail corridor.
The 16,000 SF building is situated on a 1-acre parcel at a highly visible and accessible location along W 111th Street and Normandy Avenue W (29,172 VPD), just adjacent to Interstate 294 (154,600 VPD). With its prominent position and easy access, the property enjoys excellent traffic and visibility, ensuring continued success for the tenant. Nearby retailers and amenities include CIBC Bank, O’Reilly Auto Parts, Chase Bank, Baskin-Robbins, Subway, Dollar Tree, Family Dollar, Advance Auto, Walgreens, and many others, making this a well positioned asset in a busy retail corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
16,000 SF
Building Class
C
Year Built
1990
Price
$6,730,000
Price Per SF
$421
Cap Rate
5%
NOI
$336,500
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.37
Lot Size
0.98 AC
Zoning
50
Parking
37 Spaces (1.83 Spaces per 1,000 SF Leased)
Amenities
- Security System
Walk Score ®
Very Walkable (85)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $198,287 | |
| Land Assessment | $285,410 | Total Assessment | $483,697 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$285,410
Improvements Assessment
$198,287
Total Assessment
$483,697
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CVS Pharmacy - Absolute NNN Lease | 6748 W 111th St
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