CVS | 13yrs Remain Abs NNN | DrThru | 3016 Route 940
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CVS | 13yrs Remain Abs NNN | DrThru 3016 Route 940
13,377 SF Retail Building Mount Pocono, PA 18344 $7,104,874 CAD ($531.13 CAD/SF) 7.39% Cap Rate
INVESTMENT HIGHLIGHTS
- Approximately 13 Years Remaining | Investment Grade Tenant (S&P: BBB) | Drive-Thru Equipped
- Dense Retail Corridor | Signalized, Hard Corner Intersection
- Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Limited Competition | Oversized Parcel (2.99 Acres) | Ranked in the Top 74th Percentile Per Placer.Ai
EXECUTIVE SUMMARY
SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped, CVS Pharmacy located in Mount Pocono, Pennsylvania. The tenant has approximately 13 years remaining with 10 (5-year) options to extend. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations across 49 states, District of Columbia and Puerto Rico. The site ranks in the top 74th percentile of CVS sites located in all of Pennsylvania, per Placer.ai.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,377 SF
Building Class
B
Year Built
2011
Price
$7,104,874 CAD
Price Per SF
$531.13 CAD
Cap Rate
7.39%
NOI
$525,043 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.99 AC
Zoning
C-3 - Commercial Village District
Parking
66 Spaces (4.93 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- CVS
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| CVS | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03.5A.1.2 | Improvements Assessment | $4,795,941 CAD |
| Land Assessment | $1,349,969 CAD | Total Assessment | $6,145,910 CAD |
PROPERTY TAXES
Parcel Number
03.5A.1.2
Land Assessment
$1,349,969 CAD
Improvements Assessment
$4,795,941 CAD
Total Assessment
$6,145,910 CAD
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CVS | 13yrs Remain Abs NNN | DrThru | 3016 Route 940
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