CVS Pharmacy in Orland
For Sale
Contact for pricing
11201 W 143rd St, Orland Park, IL 60467
12,911 SF NNN leased CVS Pharmacy for sale.
Property Size12,911 SF
Lot Size1.96 Acres
Price / SF$417.94
Days on Market260
Property Features for 11201 W 143rd St
General Information
Standard status
Active
Size
12,911 SF
Lot size
1.96 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$357,756
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
Sands Investment Group
Listed By:
Avery McCrary · License #475212210
Source:
Crexi
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 3 at 3:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group
Investment Insights
Based on property information with market context.
This property features a 12,911 square foot CVS Pharmacy located at 11201 W 143rd Street in Orland Park, IL. Situated on a 1.96-acre hard-corner parcel with a signalized intersection, the property is offered for sale. The lease is an Absolute Triple NNN (NNN) Lease with CVS, including an upfront 1:1 escrow account fully covering the rent holiday period.
Key Highlights
- Absolute Triple NNN (NNN) Lease with CVS
- Upfront 1:1 escrow account fully covering the rent holiday period
- Located on a 1.96‑acre hard‑corner, signalized parcel
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$216,130
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,322,600
$4.3M
Cap Rate 7%
$3,087,571
$3.1M
Cap Rate 9%
$2,401,444
$2.4M
Market Conditions
NOI Build-Up for 12,911 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$309.9K $24.00/SF
− Vacancy
−$21.7K −$1.68/SF
EGI
$288.2K $22.32/SF
− OpEx
−$72.0K −$5.58/SF
NOI
$216.1K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,322,600
Cap Rate 7%
$3,087,571
Cap Rate 9%
$2,401,444
Alternative Uses
Best Use
Specialty Retail
$3.09M
$2.70M – $3.60M
NOI $216,130 @ 7.0% cap · market cap 4.01%
Second Best
Retail
$2.56M
$2.24M – $2.99M
NOI $179,207 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$4.46M
$3.90M – $5.20M
NOI $312,031 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 38%
Beauty & Spa 17%
Circle K
Shops & Services
3,159 visits/mo
0.5 miles
Beggars Pizza
Dining
3,000 visits/mo
0.4 miles
LA Tan
Beauty & Spa
1,448 visits/mo
0.4 miles
Nancy's Pizza
Dining
760 visits/mo
0.5 miles
Demographics for 60467, IL
26,098
Population
10,055
Households
2.6
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
14.8 sq mi
ZIP Area
1,763
Density / Sq Mi
$109,329
Median Household Income
$63,685
Median Earnings
$2,202
Median Rent
$392,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Walgreens Pharmacy — 11981 W 143rd St, Orland Park, IL 60467
- RX Drive-Thru — Orland Park, IL 60467
- CVS Pharmacy — 11201 W 143rd St, Orland Park, IL 60467
- Bernadette Gorecki — 11981 W 143rd St, Orland Park, IL 604677218
- COVID-19 Drive-Thru Testing at Walgreens — 11981 W 143rd St, Orland Park, IL 60467
Frequently Asked Questions
What type of property is this?
Drug store - 12,911 SF NNN leased CVS Pharmacy for sale.
Where is this drug store located?
The property is located at 11201 W 143rd St Orland Park, IL.
What is the asking price?
The asking price for this property is $5,396,000.
What are key features of this property?
This property features: Absolute Triple NNN (NNN) Lease with CVS; Upfront 1:1 escrow account fully covering the rent holiday period; Located on a 1.96‑acre hard‑corner, signalized parcel
