1008 Garfield Ave Bartonville, IL 61607-1851

This exceptional investment opportunity presents a fee-simple ownership of a 10,113 square foot CVS Pharmacy in Bartonville, Illinois. The property, built in 2000 and situated on a 1.54-acre lot, boasts a highly visible corner location at the signalized intersection of S Lafayette Avenue and W Garfield Avenue, a primary commercial corridor. The Absolute NNN lease with CVS, the nation's largest retail pharmacy, commenced September 30, 2019, and extends to September 29, 2039, offering a substantial remaining lease term of approximately 14.9 years, with six 5-year renewal options and 2.5% rent increases at each renewal. The property generates a strong NOI of $211,100, representing a 6.00% cap rate on the asking price of $3,518,333. This investment-grade credit tenant, CVS Health (NYSE: CVS), provides significant financial stability and minimal management responsibilities. The property benefits from its proximity to other major retailers like Kroger and Aldi, as well as Peoria International Airport. The surrounding area has a strong demographic profile, with over 17,900 people within a 3-mile radius and an average household income exceeding $82,296. This presents a compelling opportunity for passive income generation with significant long-term growth potential.