CVS Pharmacy Ground Lease
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| LTV (Loan to Value) | 0.00% | Current NOI | |
| Interest Rate | 0.000% | Cap Rate | 0.000% |
| Fixed Term | 25 Years Years | Land Area | |
| Amortization | Years | Lease Type | |
| Loan Amount | Property Type | ||
| Payment | Property Lease | ||
| Building Size | Remaining Terms |
Location Description
The Property is located in Glenview, IL, one of the most recognizable Chicago suburbs and a high barrier-to-entry market. Glenview is one of Chicago's most affluent and established suburbs with average household income in excess of $100k within 3 miles, and in excess of $95k within 5 miles of the Property. CVS Pharmacy benefits from a large amount of traffic along I-294 Tri-State Tollway (133,198 VPD) and Willow Road (43,657 VPD). This location also offers excellent access to regional thoroughfares as well as employment centers.Highlights
Premier Northshore Chicago Location, CVS Ground Lease Acquisition Opportunity
Brand New 2014 Construction & 25 Year Absolute NNN Lease with No Landlord Responsibilities
Rental Escalation of 10% in Year 11 of the Base Term and Each Option
Located in Brand New Mixed-Use Development with tenants Mariano's (Roundy's), LA Fitness, Starbucks, Chipotle, Astellas Pharma US, and a 290-unit residential development
Corporately guaranteed by CVS Health (S&P: BBB+/Stable)
Excellent Demographics with Average Household Income in excess of $100k within 1 mile and $95k within 3 miles
Exceptional Surrounding Employers and Ease of Access as Property is Located less than 1/4 mile west of the Interstate-294 Tri-State Tollway at Willow Road
NNN Loans Funding
Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.