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CVS Pharmacy Eureka 501 W Center St

8,050 SF Retail Building Eureka, IL 61530 £892,306 (£111/SF) 6% Net Initial Yield

Investment Highlights

  • Investment Grade Parent: S&P BBB
  • Long History at Location & Continued Lease Renewal
  • Peoria, IL MSA: 400,000 Residents
  • High Sales Performance: 1% Rent-to-Sales Ratio
  • University Location: One Mile from Eureka College

Executive Summary

Northmarq is pleased to offer the fee simple interest in the single-tenant CVS Pharmacy located in Eureka, Illinois (the “Property”). Eureka is the county seat of Woodford County, IL and part of the Peoria, IL MSA. The annual rent is well below market for CVS assets, and the Property is being offered at $1,140,400, making it the lowest price point CVS on the market. In addition, the store boasts a 1% rent-to-sales ratio.
In Association With Isaiah Harf, IL Lic #471019332

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
8,050 SF
Building Class
B
Year Built
1994
Price
£892,306
Price Per SF
£111
Net Initial Yield
6%
NOI
£53,538
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.20
Lot Size
0.91 AC
Zoning
Commercial
Parking
27 Spaces (3.35 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign

Links

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Nearby Major Retailers

IGA
Heartland Bank & Trust Company
Hometown Community Banks

PROPERTY TAXES

Parcel Number 13-12-404-012 Improvements Assessment £145,738
Land Assessment £55,041 Total Assessment £200,779

PROPERTY TAXES

Parcel Number
13-12-404-012
Land Assessment
£55,041
Improvements Assessment
£145,738
Total Assessment
£200,779
(918) 794-9536

Contacts

  • Listing ID: 32793069

  • Date on Market: 14/08/2024

  • Last Updated:

  • Address: 501 W Center St, Eureka, IL 61530

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© 2024 CoStar Group

CVS Pharmacy Eureka | 501 W Center St
(918) 794-9536 x

CVS Pharmacy Eureka | 501 W Center St

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Mark Grossman

(918) 794-9536

(918) 794-9536

Brad Pepin

(918) 494-2690

(918) 494-2690

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