Chicago, IL

• This CVS lease has no rent holiday featured and has over 9 years of guaranteed rent before the next option.
• Starting in 2035 there is a 10% increase and then 10% increases at each of the 8 (5 year) options.
• Located in a high-income trade area with the average household income exceeding $102,000 within a 1 and 3-mile radius.
• This store ranks in the top 30% of foot traffic per Placer. Ai, for all CVS stores in the state of Illinois.
• Subject property is located in a dense infill location in Chicago with over 332,000 households with an average household income of over $102,000 within a five-mile radius.
• Located in a densely populated area of the Chicago MSA which has a population of over 9.4 million people and is the third largest MSA in the United States.
• Situated across the intersection from Community First Medical Center, which has 299 licensed beds.

We are pleased to present for sale the CVS Pharmacy property located at 3615 N Central Avenue, Chicago, IL (the “Property”). CVS has operated at this location since 2009 and is under a double net (NN) lease with limited landlord responsibilities. The current firm lease term runs through November 30, 2034, with eight (5-year) renewal option. The lease includes built-in rental escalations beginning in the first extension period, with 10% increases at each renewal, offering attractive long-term income growth for investors.

Strategically positioned in a dense infill location within the Chicago MSA, the Property benefits from outstanding demographics. There are over 355,000 residents within a 3-mile radius and more than 2.58 million within a 10-mile radius. The average household income within three miles exceeds $93,000, and the site sees over 28,000 vehicles per day, reinforcing the asset’s visibility and accessibility along a high-traffic corridor.

Located directly across the street from Community First Medical Center, a 299-bed full-service hospital, the Property draws from consistent healthcare-related foot traffic. Just blocks away is The Brickyard, a dominant open-air retail center anchored by Home Depot, Target, Lowe’s, and Marshalls, with a strong mix of national retailers including Aldi, Dollar Tree, Ross, Harbor Freight, Chipotle, and Burger King. The combination of medical and daily-needs retail enhances the Property’s long-term stability and positions CVS as a necessity-based tenant serving a diverse, established consumer base.