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CVS Pharmacy

$3,778,892

290 Pottstown Avenue, Pennsburg, PA 18073

Pending
Last Updated: 03/06/2025

491,256

NOI

12,870 sqft

Building Size

Details:
NOI:    $491,256
Building Size:    12,870 sqft
Lot Area:    1.91 acres
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    2006
Zoning:    LIC
Tenancy:    Single
Highlights:
  • Corporate Guaranty: The lease is backed by CVS Health’s corporate entity, the only investment grade pharmacy (BBB rating from Standard and Poor’s)
  • Strategic Location: The property’s position on Pottstown Avenue, a major thoroughfare in Pennsburg, enhances its visibility and accessibility
  • Limited Competition: This is the only major retail drug store within a 7.5 mile radius and benefits from limited competition in the surrounding area.
  • Strong Demographics: CVS Pharmacy benefits from the strong demographics surrounding this location, with 32,948 people within 5 miles of the site and an average HHI of $125,665.
Description:

Equity Retail Brokers is pleased to present a CVS Pharmacy in Pennsburg, PA for sale to qualified investors. This offering provides an opportunity to acquire a property leased to CVS Pharmacy, a highly reputable, investment-grade tenant with a BBB S&P rating. The lease has over 6 years remaining and features absolute net terms, ensuring zero landlord responsibilities.

Situated in Pennsburg, PA—just 40 miles from Philadelphia and 23 miles from Allentown—the property benefits from convenient access to major highways. Positioned on Pottstown Avenue, which sees approximately 11,000 vehicles per day, the site is surrounded by a strong mix of national retailers, including Weis Markets, McDonald’s, and Burger King, enhancing its appeal.

Map:
Documents:
Title
OM-Pennsburg-290_Pottstown_Ave-CVS.pdf
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