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JLL is pleased to offer for sale the fee simple interest in a corporate Absolute NNN Lease to CVS Pharmacy (the “Property" or “Asset") located in Waukegan, IL (Chicago MSA). The Asset gives potential investors the unique opportunity to own a completely passive investment within a 40 minute drive of the Chicago CBD. With 6.5 years of term remaining, investors will enjoy investment grade stability and downside protection from the underlying intrinsic real estate in a dense retail corridor situated steps from Waukegan High School, the second largest high school in the Chicago MSA.
- Absolute NNN CVS with 6.5 years remaining and a 20 year operating history
- Excellent visibility on a hard corner, with exposure to 60,000 VPD
- Adjacent to Waukegan High School, the second largest high school in the Chicago MSA with 4,609 students
- 22 miles from O'Hare airport and 39 miles from downtown Chicago, making the surrounding area excellent for commuting
- Investment grade (S&P: "BBB") credit from the 7th largest global company by revenue