CVS Leasehold NNN
For Sale
Contact for pricing
1211 W Roosevelt Rd, Chicago, IL 60608
Single-tenant pharmacy leasehold with an absolute net lease structure.
Property Size14,033 SF
Price / SF$182.27
Days on Market210
Property Features for 1211 W Roosevelt Rd
General Information
Standard status
Active
Size
14,033 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$311,246
Building Details
Year Built
2010
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
Listed By:
Mark Grossman · License #OK 184615
Source:
Crexi
Added: Mar 23
Changed: Oct 15
Last Checked: Oct 16 at 7:48AM
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 Northmarq Capital, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 14,033-square-foot leasehold interest is associated with a single-tenant CVS Pharmacy in Chicago, Illinois. Constructed in 2010, the property is subject to an absolute net lease structure, with no landlord responsibilities identified in the property information.
The asset is located at 1211 W Roosevelt Rd, Chicago, IL 60608. The surrounding 3-mile area includes more than 450,000 residents and reports an average household income exceeding $153,000.
The asset is located at 1211 W Roosevelt Rd, Chicago, IL 60608. The surrounding 3-mile area includes more than 450,000 residents and reports an average household income exceeding $153,000.
Key Highlights
- 14,033‑square‑foot CVS Pharmacy leasehold interest
- Single‑tenant retail pharmacy property
- Absolute net lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$194,144
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,882,880
$3.9M
Cap Rate 7%
$2,773,486
$2.8M
Cap Rate 9%
$2,157,156
$2.2M
Market Conditions
NOI Build-Up for 14,033 SF
Gross rent
$303.1K $21.60/SF
− Vacancy
−$25.8K −$1.84/SF
EGI
$277.3K $19.76/SF
− OpEx
−$83.2K −$5.93/SF
NOI
$194.1K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,882,880
Cap Rate 7%
$2,773,486
Cap Rate 9%
$2,157,156
Alternative Uses
Best Use
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $261,182 @ 7.0% cap · market cap 10.21%
Second Best
Retail
$2.77M
$2.43M – $3.24M
NOI $194,144 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$6.62M
$5.79M – $7.72M
NOI $463,156 @ 7.0% cap · market cap 18.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,863
Businesses Nearby
58k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 40%
Beauty & Spa 4%
Chase Bank
Shops & Services
10,372 visits/mo
0.2 miles
Al's Italian Beef
Dining
7,047 visits/mo
0.2 miles
7-Eleven
Shops & Services
5,969 visits/mo
0.5 miles
Potbelly Sandwich Shop
Dining
5,569 visits/mo
0.5 miles
Starbucks
Dining
5,037 visits/mo
0.5 miles
Demographics for 60608, IL
75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant pharmacy leasehold with an absolute net lease structure.
Where is this nnn property located?
The property is located at 1211 W Roosevelt Rd Chicago, IL.
What is the asking price?
The asking price for this property is $2,557,820.
What are key features of this property?
This property features: 14,033‑square‑foot CVS Pharmacy leasehold interest; Single‑tenant retail pharmacy property; Absolute net lease structure
