CVS Pharmacy – Aurora
Property Type: Retail | Property Status: Sold
Property Details
Price: $550,000
CAP Rate:
Square Feet: 17,648
Tenancy Type: National
Lease Type: Absolute NNN
Location Info
Address: 211 South Eola Road
City: Aurora
State: IL
Zip: 60504
Property Description
Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of two Zero Cash Flow CVS Pharmacy locations in Aurora and Lemont, suburbs of Chicago, Illinois. Dan Cooper, President and Broker of Cooper Commercial Investment Group in Cleveland, Ohio had the privilege to represent the owner, a private group out of Illinois. The buyers were a private group out of Florida and were found directly by the Cooper Commercial Investment Group within the first three days of the properties being listed for sale. The unique structure of the properties attracted the buyers and the properties closed approximately 60 days from contract execution. The sale of the Aurora property was for $550,000, a number reflecting 38% over the extinguished debt and Lemont was for $500,000, reflecting 43% over the extinguished debt.
Details