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 $4,923,000 ($368/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
$4,923,000
Price Per SF
$368
Cap Rate
7.39%
NOI
$363,805
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
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
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99,999 SF
- -
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Lorem Ipsum
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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 |
PROPERTY TAXES
| Parcel Number | 03.5A.1.2 | Improvements Assessment | $3,323,130 |
| Land Assessment | $935,400 | Total Assessment | $4,258,530 |
PROPERTY TAXES
Parcel Number
03.5A.1.2
Land Assessment
$935,400
Improvements Assessment
$3,323,130
Total Assessment
$4,258,530
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David Wirth -
SRS Real Estate Partners
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CVS | 13yrs Remain Abs NNN | DrThru | 3016 Route 940
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