Skip to Content

CVS Pharmacy

Danville, Illinois

Map View

Street View

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 820 North Vermilion Street in Danville, IL.
This CVS is subject to a long-term, absolute triple-net (NNN) lease that was recently extended by 20 years. At closing, the rent will be $200,000 per year. From there, the rent is scheduled to increase by 5.00% at the start of the first and second option periods. The lease calls for a total of ten (10), five (5)-year tenant renewal options.

About the Investment:

✓ Long-Term, Absolute Triple-Net (NNN) Lease with 20+ Years Remaining on the Lease
✓ CVS Corporate Guaranty | Investment Grade Credit | “BBB” S&P Credit Rating
✓ Long Term Occupancy | The Tenant Has Been at This Location For Over 20+ Years
✓ Ten (10), Five (5)-Year Tenant Renewal Options

About the Location:

✓ Dense Urban Infill | Ross Dress for Less, Burlington, Planet Fitness, McDonald’s, Wendy’s, Taco Bell, Walgreens, and Many More
✓ Immediate Access to Healthcare | Less Than One Mile From OSF Sacred Heart Medical Center | 174 Staffed Beds
✓ Strong Academic Presence | Four Schools Within a Three-Mile Radius |Combined Enrollment is Greater Than 2,800 Students
✓ Highly Trafficked Area | More Than 26,500 Vehicles Per Day Along North Vermilion Street
✓ Strong Real Estate Fundamentals | Located Less Than Three Miles From Village Mall

About the Tenant/Brand:

✓ CVS Pharmacy is the Largest Pharmacy Chain in the United States with Over 9,900 and has the Highest Prescription Revenue
✓ CVS Pharmacy Also Provides Healthcare Services Through its More Than 1,100 MinuteClinic Medical Clinics as well as Their Diabetes Care Centers
✓ CVS is the #5 Company on the Fortune 500 with Current Revenues of More Than$256 Billion
✓ CVS Pharmacy Fills More Than 1.9 Billion Prescriptions Every Year

Key Details

Cap Rate:
Annual Rent:
820 North Vermilion Street, Danville, Illinois 61832
Property Type:
Net-Leased Pharmacy
Lease Type:
Triple Net (NNN)

Lease Commencement:
July 1, 1999
Lease Expiration:
20 Years From Closing of Escrow
Lease Term Remaining:
20+ Years
Rental Increases:
5.00% Increase at the Start of the First & Second Tenant Renewal Period
Lot Size:
+/- 2.00 Acres
Building Size:
10,000 SF
Year Built:
CVS Pharmacy

Broker of record

Steven Weinstock

License: 471.011175

Similar Properties

Miller's Ale House

745 Chastain Road NW, Danville, Illinois, 30144

Mavis Discount Tire

3877 Centerville Rosebud Rd, Danville, Illinois, 30039

Bob Evans

3151 Phoenix Center Drive, Danville, Illinois, 63090

Sagemont Upper School

2585 Glades Circle, Danville, Illinois, 33327