Absolute NNN Pharmacy
1400 E Roosevelt Rd Wheaton, IL 60187
1400 E Roosevelt Rd, Wheaton, IL, 60187
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For Sale
Contact for pricing
CVS Pharmacy is offered for sale with an absolute NNN lease subleased to Dollar General.
Property Size10,836 SF
Price / SF$272.24
Days on Market108
Property Features for 1400 E Roosevelt Rd
General Information
- Standard status
- Active
- Size
- 10,836 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agency
JLL Chicago | Americas Headquarters
Listed by
Josh Katlin · License #IL 475.202814
Source
Crexi
Added: Apr 6 Updated: Jul 22 at 9:13AM Checked: Jul 22 at 9:13AM
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 JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
JLL is pleased to offer the opportunity to acquire the CVS Pharmacy at 1400 E Roosevelt Rd in Wheaton, Illinois. The property is currently subleased to Dollar General, and the tenant operates under an absolute NNN lease structure.
The lease includes approximately 4.5 years remaining in the primary term, with two five-year renewal options. The arrangement is described as providing zero landlord responsibility.
This offering is presented as a specialty retail/drug store asset with the existing leasehold in place through Dollar General under the absolute NNN terms.
The lease includes approximately 4.5 years remaining in the primary term, with two five-year renewal options. The arrangement is described as providing zero landlord responsibility.
This offering is presented as a specialty retail/drug store asset with the existing leasehold in place through Dollar General under the absolute NNN terms.
Key Highlights
- CVS Pharmacy at 1400 Roosevelt Rd., Wheaton, IL 60187
- Property built in 2005
- Subleased to Dollar General (NYSE: DG) under an absolute NNN lease
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 | $260.1k | $24.00 |
| − Vacancy | −$18.2k | −$1.68 |
| EGI | $241.9k | $22.32 |
| − OpEx | −$60.5k | −$5.58 |
| NOI | $181.4k | $16.74 |
10,836 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.59M
$2.27M – $3.02M
NOI $181,395 @ 7.0% cap · market cap 6.15%
Second Best
Retail
$2.15M
$1.88M – $2.51M
NOI $150,405 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$3.74M
$3.27M – $4.36M
NOI $261,882 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Cardtronics
Atm
CVS
Pharmacy
Jeanine Campa
Pharmacy
Coinhub Bitcoin ATM ...
Atm
Similar For Sale Nearby
Similar Off Market Nearby
- Walgreens Pharmacy — 324 Roosevelt Rd, Glen Ellyn, IL 60137
- COVID-19 Drive-Thru Testing at Walgreens — 324 Roosevelt Rd, Glen Ellyn, IL 60137
- CVS — 1400 E Roosevelt Rd, Wheaton, IL 60187
- Jeanine Campa — 1400 E Roosevelt Rd, Wheaton, IL 601876804
FAQs
What type of property is this?
Drug store - CVS Pharmacy is offered for sale with an absolute NNN lease subleased to Dollar General.
Where is this drug store located?
The property is located at 1400 E Roosevelt Rd Wheaton, IL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: CVS Pharmacy at 1400 Roosevelt Rd., Wheaton, IL 60187; Property built in 2005; Subleased to Dollar General (NYSE: DG) under an absolute NNN lease
