CVS Pharmacy Portfolio of 6

Multiple Locations - Peoria IL

LTV (Loan to Value)	65.00%	Current NOI	$0.00
Interest Rate	4.250%	Capital Rate	7.250%
Fixed Term	10 Years	Land Area
Amortization	25 Years	Lease Type	NNN
Loan Amount	$12,460,500.00	Property Type	Retail
Payment	$67,503.28	Property Lease	Drugstore
Bulding Size	0 SF	Remaining Terms

Location Description

NNN Lenders is pleased to exclusively offer the opportunity to purchase a 100% fee simple interest in six (6) free-standing CVS Pharmacy locations offered together as a portfolio sale. This is an excellent opportunity to acquire successful investment grade locations with significant upside potential. These CVS assets are located in Peoria, IL and nearby markets. The leases are all absolute NNN, have just over 3.5 years of primary term remaining, and include 10,125 sf buildings. Each property was constructed in 1998, has been with the same owner ever since, and is on an original 20 year lease expiring January 31, 2019. All locations are guaranteed by CVS Corporation.

Highlights

Investment Grade Credit – The properties are leased to and guaranteed by CVS Corporation, now CVS Health Corporation, which is…

Property Description

Peoria is a city in and the county seat of Peoria County, Illinois and the oldest European settlement in the state. As of the 2010 census, the city was the seventh-most populated in Illinois, with a population of 115,007. The entire Peoria MSA consists of approximately 373,590 people. East Peoria is located 2.5 miles southeast of Peoria across the Illinois River in Tazewell County. The population was 23,402 at the 2010 census. The city is also the home campus of Illinois Central College (13,000+ students), a regional community college and the Par-A-Dice Hotel and Casino (1.35M visitors annually). The Casino is the number one location for gaming and entertainment in all of central Illinois. Downtown East Peoria was renovated in 2012 adding a full-service Holiday Inn Center as well as a new Fondulac District Library.Pekin is the largest city within and county seat of Tazewell County and located 10 miles southwest of Peoria. Pekin is the 13th-most populous city in Illinois, outside of the Chicago MSA, with a 2010 population of 34,094. The city is home to Pekin Hospital (1,151 employees), a high-rise residential facility of the United Auto Workers, the Pekin Federal Correctional Institution, and the headquarters of Pekin Insurance (over 500 employees).