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Single-Tenant Drug Store
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Pending

8811 W 87th St, Hickory Hills, IL 60457

Long-term CVS occupancy supports this net-leased retail asset with established operations and multiple renewal options.

Property Size11,594 SF
Days on Market140

Property Features for 8811 W 87th St

General Information

Standard status Pending
Size 11,594 SF
Property subtype Retail

Site & Location

Traffic Count 13,400 vehicles/day
Highway Access Yes

Building Details

Buildings 1
Tenancy Single
Listing Agency: The Boulder Group
Listed By: Randy Blankstein · License #IL 471005983
Source: Crexi
Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 10:09AM

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 The Boulder Group

Investment Insights

Based on property information with market context.

This single-tenant drug store is occupied by CVS Pharmacy under a net lease. The building contains 11,594 square feet, and CVS has operated at the site since 2006. The current primary term extends beyond 11 years, with lease expiration scheduled for January 31, 2032, followed by ten 5-year renewal options.

The property fronts West 87th Street, an east-west route reporting 13,400 VPD, and is near Interstate 294, which reports 142,000 VPD. Nearby retailers include Dollar General, Maytag Laundry, Shell Gasoline, and Driven Car Wash. The Hickory Hills Police Department is situated across West 87th Street. CVS is publicly traded on the New York Stock Exchange under the symbol CVS and carries a Standard & Poor’s rating of BBB+.

Key Highlights

  • 11,594‑square‑foot CVS Pharmacy building
  • Lease expires January 31, 2032, with ten 5‑year renewal options
  • CVS Pharmacy has operated at the property since 2006

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13,400 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

294
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Shell Shops & Services
10,965 visits/mo 0.1 miles
Dollar General Shops & Services
5,756 visits/mo 0.1 miles

Demographics for 60457, IL

14,420
Population
5,745
Households
2.5
Avg Household Size
39
Median Age
26%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
4,652
Density / Sq Mi
$85,360
Median Household Income
$49,310
Median Earnings
$1,112
Median Rent
$278,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • STEMTech distributor 9035 Maple Ln, Hickory Hills, IL 60457
  • CVS Pharmacy 8811 W 87th St, Hickory Hills, IL 60457
  • CVS 8811 W 87th St, Hickory Hills, IL 60457
  • Jocelyn Gorokhovsky 8811 W 87th St, Hickory Hills, IL 604571001
  • Donna Ranjbar 8811 W 87th St, Hickory Hills, IL 604571001

Frequently Asked Questions

What type of property is this?
Drug store - Long-term CVS occupancy supports this net-leased retail asset with established operations and multiple renewal options.
Where is this drug store located?
The property is located at 8811 W 87th St Hickory Hills, IL.
What are key features of this property?
This property features: 11,594‑square‑foot CVS Pharmacy building; Lease expires January 31, 2032, with ten 5‑year renewal options; CVS Pharmacy has operated at the property since 2006
(847) 562-0003 Call to check price and availability
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