CVS Pharmacy
Frazer, PA
Key Details
| Price: | $6,858,337 |
|---|---|
| Cap Rate: | 8.00% |
| Annual Rent: | $548,667 |
| Address: | 335 Lancaster Avenue, Frazer, Pennsylvania 19355 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 25 Years |
|---|---|
| Lease Commencement: | 1/31/2009 |
| Lease Expiration: | 1/31/2034 |
| Lease Term Remaining: | 8.8 Years |
| Rental Increases: | 5.00% at 1st & 2nd Option |
| Lot Size: | 1.94 Acres |
| Building Size: | 12,900 SF |
NNN Pro is pleased to present the exclusive listing for a CVS Pharmacy located at 335 Lancaster Avenue, Frazer, Pennsylvania 19355. The site consists of roughly 12900 rentable square feet of building space on an estimated 1.94-acre parcel of land. This CVS Pharmacy is subject to a 25-year Triple Net (NNN) lease, which commenced 1/31/2009. The current annual rent is $548,667 and has scheduled increases of 5.00% at 1st & 2nd Option.
About the Investment
- Long-Term, 25-Year Absolute Triple Net (NNN) Lease | 9+ Years Remaining
- Lease Guaranteed by CVS’s Corporate Entity | Investment Grade Credit: CVS Corporate (S&P: BBB)
- Compelling Real Estate Fundamentals | Located Less Than 28-Miles from Philadelphia | Main Line Location | Site is Equipped with a Drive-Thru Pharmacy Pick Up
Key Details
| Price: | $6,858,337 |
|---|---|
| Cap Rate: | 8.00% |
| Annual Rent: | $548,667 |
| Address: | 335 Lancaster Avenue, Frazer, Pennsylvania 19355 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 25 Years |
|---|---|
| Lease Commencement: | 1/31/2009 |
| Lease Expiration: | 1/31/2034 |
| Lease Term Remaining: | 8.8 Years |
| Rental Increases: | 5.00% at 1st & 2nd Option |
| Lot Size: | 1.94 Acres |
| Building Size: | 12,900 SF |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Ilan Bley
ibley@nnnpro.com
License: NY: 10401372865
Broker of Record
Brian Brockman
Bang Realty-Pennsylvania, Inc
License: RM432816
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.