CVS Drug Store
For Sale
Contact for pricing
820 N Vermilion St, Danville, IL 61832
Single-tenant CVS Pharmacy on an extended absolute NNN lease with scheduled rent increases.
Property SizeContact for details
Days on Market132
Property Features for 820 N Vermilion St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 3:14AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
Marcus & Millichap presents an exclusive sale opportunity for a CVS Pharmacy located at 820 N Vermilion St in Danville, IL. The property is leased under a long-term, absolute triple-net (NNN) structure that was recently extended by more than 20 years.
The lease became effective with a rent amount of $190,000 per year starting February 1, 2023. Rent is scheduled to increase by 5.00% at the start of the first and second option periods. The lease includes a total of ten (10) five-year tenant renewal options, providing extended contractual terms for the current occupant.
The lease became effective with a rent amount of $190,000 per year starting February 1, 2023. Rent is scheduled to increase by 5.00% at the start of the first and second option periods. The lease includes a total of ten (10) five-year tenant renewal options, providing extended contractual terms for the current occupant.
Key Highlights
- CVS Pharmacy at 820 North Vermilion Street, Danville, IL
- Long‑term absolute triple‑net (NNN) lease recently extended by 20+ years
- Lease rent of $190,000 per year starting February 1, 2023
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61832, IL
32,878
Population
16,390
Households
2
Avg Household Size
40
Median Age
17%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
1,204
Density / Sq Mi
$45,264
Median Household Income
$37,288
Median Earnings
$805
Median Rent
$78,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Leslie M. Robinson, RPH — 707 N Logan Ave, Danville, IL 61832
- Walgreens — W Fairchild St, Danville, IL 61832
- Medplus Pharmacy — 511 W Fairchild St, Danville, IL 61832
- Tiffany Lamar — 400 W Fairchild St, Danville, IL 618323841
- COVID-19 Drive-Thru Testing at Walgreens — 400 W Fairchild St, Danville, IL 61832
Frequently Asked Questions
What type of property is this?
Drug store - Single-tenant CVS Pharmacy on an extended absolute NNN lease with scheduled rent increases.
Where is this drug store located?
The property is located at 820 N Vermilion St Danville, IL.
What are key features of this property?
This property features: CVS Pharmacy at 820 North Vermilion Street, Danville, IL; Long‑term absolute triple‑net (NNN) lease recently extended by 20+ years; Lease rent of $190,000 per year starting February 1, 2023
