CVS - Eureka, IL | MATTHEWS

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 Renewal
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.
Parking Lot Remediation
Ownership is currently completing parking lot improvements, including patching, sealing, and full restriping of the entire lot. This work is scheduled for completion within the month, enhancing curb appeal and ensuring a well-maintained exterior for tenants and customers.
Investment Grade Credit Tenant
The lease is guaranteed by CVS Health Corporation, the top Fortune 500 pharmaceutical and health service company ranking #6, and boasting an S&P credit rating of BBB with a ± $96 billion market cap. In economic downturns, investment-grade credit tenants outperform their less creditworthy peers as investors prioritize valuing safety and liquidity.

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