CVS Wheaton IL

Wheaton, Illinois 60189
41.833786   -88.103281

key features

  • Triple-Net (NNN): Absolutely zero landlord responsibilities. Tenant responsible for all maintenance and repair, including roof and structure.
  • Strong Credit Tenant: CVS has investment-grade credit and strong financials. (CVS Health) S&P: BBB; NYSE: CVS
  • Long-Term Lease: 25-year lease with 10 five-year extensions
  • Zero Cash Flow Financing: Assumable self-amortizing financing with below-market fixed 3.901% interest rate.
  • Debt Structure: Requires limited equity investment and can generate passive losses that work to offset taxable income from other investments.
  • Paydown/Readvance: Structure allows for low equity contributions with high long-term return on initial investment and allows withdrawal of money over and above percentage over the debt.

Learn more about Zero Cash Flow: https://vimeo.com/294203894

Property Details

Property TypeRetail
Property SubtypeFreestanding, Single Tenant, Zero Cash Flow
Year Built2016
Store Number10677
Lease TypeNNN
Lease ExpirationJanuary 31, 2043
Square Footage13,273
Acreage± 1.69
Price$6,550,000
Matt Sturcken msturcken@sandcapital.net 480.385.1328