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11859 Southwest Hwy
Palos Heights, IL 60463

$3,400,000 USD

Drugstore For Sale  •  12,000 SF

Property Details

• Property Type Drugstore
• Total Building Size 13,225 SF
• Lot Size 1.5 AC
• Building Class C
• Year Built 2010
• Cap Rate 5.99 %
• Tenancy Single
• Zoning B

0 Transit Score

36 Walk Score

Highlights

Long term single tenant CVS Ground Lease property, bring all offers

Lease expires January 31, 2036 with (8) five year options with 10% increases in each option.

Excellent demographics with over $145,000 average family income within a three mile radius.

Over 41,800 VPD at the intersection.

The property is in the middle of an established area surrounded by tremendous growth and affluent neighborhoods.

Located directly on the high traffic signalized hard corner of a five way interchange of Southwest Hwy (IL Route 7), IL Route 83 and 80th Avenue.

Property Flyers

Palos Heights - 11859 SW Hwy CVS OM

Cap Rate:

5.99 %

Major Tenants

Tenant	SF Occupied	Lease End Date
CVS	13,225 SF	1/31/2036

Public Transportation

Commuter Rail	Drive	Walk	Distance
Palos Park Station (SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	13 min	0.7 mi
Palos Heights Station (SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	17 min	0.9 mi
Transit/Subway	Drive	Walk	Distance
Palos Park Station (SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	13 min	0.7 mi
Palos Heights Station (SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
Chicago Midway International	18 min	-	10.1 mi
Chicago O'Hare International	59 min	-	29.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	68
Type:	Surface
Included in Rent:	Yes