Self-represented Trust Acquires CVS Pharmacy In Chicago For $5.34M With The Boulder Group Representing Seller

The asset involved in this transaction is a single-tenant CVS Pharmacy located at 3951 West 103rd Street, Chicago, encompassing 15,414 square feet on a 1.56-acre site. The property sold for $5,338,000, translating to a price per square foot of $346. It features a long-term NNN lease with CVS extending through 2039 and also includes master leases to Subway and CD One Price Cleaners, ensuring a stable, passive income stream for the buyer.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,338,000
• Address: 3951 West 103rd Street
• Market: Chicago
• Square Footage: 15,414
• Price Per Square Foot: $346
• Acres: 1.56
• Seller's Representative: Randy Blankstein, Jimmy Goodman & John Feeney - The Boulder Group

This transaction involved a self-represented real estate trust acquiring the property from a Northeast-based investment firm. The broker representatives from The Boulder Group facilitated the deal, contributing to its successful closure.