2000 S Naperville Rd Wheaton, IL
Call to check price and availability
25-year NNN lease with investment-grade CVS tenant.
Type:RETAIL
Property size:
13,273 SFLot size:
1.69 Acres- Added:
- Jan 20, 2023
- Days on Market:
- 1186
- Last Refresh:
- Apr 5 at 9:00 pm
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 agent Jay D. Stein
Listing office Sandor/Sand Capital | Arizona (480) 949-9011
Listing date Jan 20, 2023
Source Moodyscre
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
Overview
CVS NNN Investment Opportunity
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.
Property Profile
Insight Report
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 Places Nearby
- Denson-Hicks Clinical Pharmacy — 200 E Willow Ave STE 100, Wheaton, IL 60187
- Gene Smart Wellness — 122 N Wheaton Ave, Wheaton, IL 60187
- Diane Oravecz — 200 E Willow Ave STE 100, Wheaton, IL 601875441
- Blush + Ivy Salon LLC — 210 N Main St, Wheaton, IL 60187
- Mariano's Pharmacy — 625 S Main St, Wheaton, IL 60187
Location Insight
- Map
- Local Demand
- City
- Wheaton
- County
- DuPage
- State
- Illinois
- Longitude
- -88.1032
- Latitude
- 41.8337
Nearby Similar for Sale
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%.
