Danville, IL

Price: $ 2,806,392
CAP Rate: 13.00%
NOI: $ 364,831
Lease Term Remaining Before Options: 9 Years
Investment Highlights
  • ±13,225 SF freestanding building on a 1.99-acre parcel; built in 2010 and maintained by CVS under an absolute NNN lease structure.
  • Over $2.1 million in remaining rent from CVS before the free rent period.
  • Opportunity to allow investors to collect guaranteed income while evaluating re-tenanting, redevelopment, or repositioning strategies.
  • Positioned along East Main Street (IL-1), a primary arterial corridor in Danville, offering excellent visibility, access, and consistent regional traffic flow.
Offering Summary

We are pleased to present for sale the vacant CVS property located at 900 E. Main St, Danville, IL 61832 (the “Property”). The ±13,225 square foot freestanding building was constructed in 2010 and sits on fee simple land along East Main Street (IL-1) a key north-south arterial through Danville offering high visibility and convenient access to US Route 150 and Danville Mass Transit.

 

CVS remains obligated on the lease through January 30, 2035, with a corporate guarantee in place during the base term. Notably, the lease provides for a free rent period beginning February 1, 2032. The buyer will benefit from approximately $2,188,986 in remaining rental income over the next 6+ years.

Price: $ 2,806,392
CAP Rate: 13.00%
NOI: $ 364,831
Lease Term Remaining Before Options: 9 Years