CVS NNN Investment
2000 S Naperville Rd Wheaton, IL
2000 S Naperville Rd, Wheaton, IL, 00000
Contact for pricing
For Sale
Contact for pricing
25-year NNN lease with investment-grade CVS tenant.
Property Size13,273 SF
Lot Size1.69 Acres
Price / SF$493.48
Days on Market1278
Property Features for 2000 S Naperville Rd
General Information
- Standard status
- Active
- Size
- 13,273 SF
- Lot size
- 1.69 Acres
- Property subtype
- RETAIL
Listing Agency
Sandor/Sand Capital | Arizona
(480) 949-9011
Listed by
Jay D. Stein
Source
Moodyscre
Added: Jan 20, 2023 Updated: Jul 6 at 8:55 am Checked: Jul 20 at 2:15 am
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 Sandor/Sand Capital | Arizona
Investment Insights
Based on property information with market context.
This property features a triple-net (NNN) lease structure, assigning all maintenance and repair responsibilities, including roof and structure, to the tenant. The tenant, CVS, holds investment-grade credit and demonstrates strong financials. The property is under a long-term, 25-year lease, which includes options for 10 additional five-year extensions. Constructed between 2016 and 2017, the property benefits from assumable self-amortizing financing with a fixed 3.901% interest rate. The debt structure allows for limited equity investment and can generate passive losses that may offset taxable income from other investments. The structure also allows for low equity contributions with high long-term return on initial investment and allows withdrawal of money over and above percentage over the debt. The property is located in Wheaton, IL.
Key Highlights
- Strong Credit Tenant: CVS, with its investment‑grade credit rating (S&P: BBB) and robust financials, guarantees a dependable income stream.
- Long‑Term Lease: Benefit from a 25‑year lease with 10 five‑year extension options, securing stable, long‑term cash flow.
- Zero Cash Flow Financing: Take advantage of assumable self‑amortizing financing featuring a below‑market fixed interest rate of 3.901%.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $318.6k | $24.00 |
| − Vacancy | −$22.3k | −$1.68 |
| EGI | $296.3k | $22.32 |
| − OpEx | −$74.1k | −$5.58 |
| NOI | $222.2k | $16.74 |
13,273 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.17M
$2.78M – $3.70M
NOI $222,190 @ 7.0% cap · market cap 3.39%
Second Best
Retail
$2.63M
$2.30M – $3.07M
NOI $184,231 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$4.58M
$4.01M – $5.35M
NOI $320,779 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
CVS
Pharmacy
CVS Pharmacy
Pharmacy
MoneyGram
Bank
Kazvin Marfatia
Pharmacy
Similar For Sale Nearby
Similar Off Market Nearby
- Harmony Polo, Personal Development, Sacred Haircuts & Kundalini Yoga — 285 W Loop Rd, Wheaton, IL 60189
- Jewel-Osco Pharmacy — 30 Danada Square W, Wheaton, IL 60189
- COVID-19 Drive-Thru Testing at Walgreens — 2020 S Naperville Rd, Wheaton, IL 60189
- CVS — 2000 S Naperville Rd, Wheaton, IL 60189
- GNC — 120 Danada Square W, Wheaton, IL 60187
FAQs
What type of property is this?
Drug store - 25-year NNN lease with investment-grade CVS tenant.
Where is this drug store located?
The property is located at 2000 S Naperville Rd Wheaton, IL.
What is the asking price?
The asking price for this property is $6,550,000.
What are key features of this property?
This property features: Strong Credit Tenant: CVS, with its investment‑grade credit rating (S&P: BBB) and robust financials, guarantees a dependable income stream.; Long‑Term Lease: Benefit from a **25‑year lease with 10 five‑year extension options**, securing stable, long‑term cash flow.; Zero Cash Flow Financing: Take advantage of assumable self‑amortizing financing featuring a below‑market fixed interest rate of 3.901%.
