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CVS Pharmacy 335 Lancaster Ave

12,900 SF Retail Building Malvern, PA 19355 $10,217,241 CAD ($792.03 CAD/SF) 7.75% Cap Rate

Drug Stores Pennsylvania Malvern 335 Lancaster Ave, Malvern, PA 19355

INVESTMENT HIGHLIGHTS

  • Long-Term, 25-Year Absolute Triple Net (NNN) Lease | 11+ Years Remaining
  • Compelling Real Estate Fundamentals | Located Less Than 28-Miles from Philadelphia | Main Line Location | Site is Equipped with a Drive-Thru Pharmacy
  • Lease Guaranteed by CVS’s Corporate Entity | Investment Grade Credit: CVS Corporate (S&P: BBB)

EXECUTIVE SUMMARY

NNN Pro Group is pleased to present the exclusive listing for CVS Pharmacy located at 335 Lancaster Ave in Malvern, PA. The site consists of roughly 12,900 rentable square feet of building space on estimated 1.94-acre parcel of land. This CVS is subject to a 25-year absolute triple-net (NNN) lease, which commenced January 31, 2009. The current annual rent is $548,667.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
C
Year Built
2009
Price
$10,217,241 CAD
Price Per SF
$792.03 CAD
Cap Rate
7.75%
NOI
$791,836 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.94 AC
Parking
16 Spaces (1.24 Spaces per 1,000 SF Leased)
Frontage
197’ on Three Tun Road

AMENITIES

  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • CVS
  • Retailer
  • 99,999 SF
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
CVS Retailer 99,999 SF - -
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335 Lancaster Ave, Malvern, PA - AERIAL map view

NEARBY MAJOR RETAILERS

Goldfish Swim School
Cheeburger Cheeburger
WW
GIANT
Apple Spice
D1 Sports Training
Cross Fit Inspire
KeyBank
Taylor Rental Ctr
WSFS Bank

PROPERTY TAXES

Parcel Number 42-004-0296.0200 Improvements Assessment $1,106,785 CAD
Land Assessment $306,511 CAD Total Assessment $1,413,296 CAD

PROPERTY TAXES

Parcel Number
42-004-0296.0200
Land Assessment
$306,511 CAD
Improvements Assessment
$1,106,785 CAD
Total Assessment
$1,413,296 CAD
(332) 345-4222

CONTACTS

  • Listing ID: 28616265

  • Date on Market: 2023-05-31

  • Last Updated:

  • Address: 335 Lancaster Ave, Malvern, PA 19355

The Retail Property at 335 Lancaster Ave, Malvern, PA 19355 is currently available for sale. Contact NNN Pro Group for more information.

NEARBY LISTINGS

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335 Lancaster Ave, Malvern, PA for sale Primary Photo- Image 1 of 3
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335 Lancaster Ave, Malvern, PA for sale Aerial- Image 2 of 3
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CVS Pharmacy | 335 Lancaster Ave
(332) 345-4222 x

CVS Pharmacy | 335 Lancaster Ave

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Anthony D'Ambrosia

(203) 887-8797

(203) 887-8797

Ilan Bley

(332) 345-7187

(332) 345-7187

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