11-Year CVS Ground Lease | University Town | Very Low Price PSF

Agent Info

Evan Lyons

248.702.0298
elyons@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

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Offering Information

1818 Philo Road
Urbana, IL 61802

  • Price: $1,395,000
  • Cap. Rate: 8.04%
  • NOI: $112,160
  • Building Size: 16,854SF
  • Lot Size: .90 AC

Investment Highlights

  • In 2006 CVS Exercised Two Five-Year Options, 13 Years Early
  • Very Low Rent Structure and Price Point to Secure CVS Credit
  • Corporate Guarantee: CVS Health Corporation (NYSE: CVS) S&P Rated BBB+/Stable
  • Located at Intersection of Philo Road and East Colorado Avenue | Over 11,000 Cars Per Day
  • Urbana is Home to BiG-10 University of Illinois with Over 44,000 Students
  • Recent Alta Survey, Clean Environmental, and Title

    Jacob Korman – Roscoe Realty – Illinois Broker of Record