3016 Route 940 - Drug Store FOR SALE


Mount Pocono, PA 18344
$4,923,000 USD
610-727-3962
3016 Route 940, Mount Pocono, PA for Sale
$4,923,000 USD
Drug Store - FOR SALE
1/9
null | 7.39% Cap Rate

3016 Route 940
Mount Pocono, PA 18344


HIGHLIGHTS

  • Approximately 13 Years Remaining | Investment Grade Tenant (S&P: BBB) | Drive-Thru Equipped
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Signalized, Hard Corner Intersection
  • Limited Competition | Oversized Parcel (2.99 Acres) | Ranked in the Top 74th Percentile Per Placer.Ai
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,923,000 USD

PRICE/SF

$368 USD /SF

CAP RATE

7.39%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | 13yrs Remain Abs NNN | DrThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

2.99 AC

LAND SF

130,244 SF

ZONING

C-3

APN/PARCEL ID

03.5A.1.2

ASK ABOUT THIS PROPERTY

David WirthSRS Real Estate PartnersMore Info
610-727-3962

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David WirthSRS Real Estate PartnersMore Info
610-727-3962

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.