19900 La Grange Rd Frankfort, IL 60423

Property Details for 19900 La Grange Rd

Year built

2009

Lot size

1.67 lot acres

Property size

13,225 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a fee-simple, single-tenant, Class A retail property occupied by a CVS Pharmacy under an absolute NNN lease. Located at 19900 LaGrange Rd, Frankfort, IL 60423, this 13,225 square foot building sits on a 1.67-acre lot and boasts a strong 6.30% cap rate. The lease, commencing November 1, 2009, and expiring October 31, 2034, includes eight 5-year options with 5% rent increases at each option period. The property benefits from a corporate guarantee by CVS Health Corporation, ensuring consistent income. Built in 2009, the property enjoys 100% occupancy and a substantial net operating income (NOI) of $357,896. Situated in a high-traffic area with excellent visibility, the property is strategically positioned near major retailers such as Home Depot, Popeyes, Goodwill, ALDI, Speedway, and Dollar Tree. The surrounding area exhibits robust demographics, with a population exceeding 143,000 within a 5-mile radius and an average household income of $136,692 annually within a 1-mile radius. This is a rare opportunity to acquire a stable, high-performing retail investment with significant long-term growth potential. The property's prime location, strong tenant, and favorable lease terms make it an attractive addition to any portfolio. The asking price is $5,680,889, representing a price per square foot of $429.56.