CVS Pharmacy

$1,112,602

501 West Center Street, Eureka, IL 61530

For Sale

Retail Unknown Sub Type

Active

Last Updated: 03/13/2025

Cap Rate: 6.15%

NOI: $68,425

Building Size: 8,050 sqft

Lot Area: 0.91 acres

Lease Type: Double Net

Year Built: 1994

Price Per Sqft: $138.21

Offered by

Matthews

#376060 (TN)

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Matthews

#0225242141 (VA) 643676 (MD) SP98371724 (DC)

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Top Fortune 500 Company – CVS Health Corporation (NYSE: CVS) ranks as the 5th largest company on the Fortune 500 list. As the largest pharmacy healthcare provider in the U.S., CVS operates over 9,000 locations and reported over $357 billion in revenue for FY 2023. The company maintains a solid investment-grade rating of BBB/Stable from Standard & Poor’s.
Exceptional Sales-to-Rent Ratio – This CVS location boasts an estimated 1% rent-to-sales ratio, significantly below the industry average. This favorable cost structure provides a strong incentive for lease renewals and long-term occupancy stability.
Established Presence & Lease Renewals – CVS has operated at this location since 1994 and has demonstrated a strong commitment to the site, renewing its lease three times. The most recent five-year extension began in February 2024 and runs through January 2029.
Attractive Price Point – While the average CVS property sells for $3-$5 million, this location presents a rare opportunity to acquire a CVS at a lower price point. The low rent and high likelihood of renewal enhance its long-term investment potential, offering upside for future appreciation.