5707 Easton Rd - Freestanding FOR SALE


Pipersville, PA 18947
$4,369,906 USD
215-603-6914
5707 Easton Rd, Pipersville, PA for Sale
$4,369,906 USD
Freestanding - FOR SALE
1/8
null | 8.5% Cap Rate

5707 Easton Rd
Pipersville, PA 18947


HIGHLIGHTS

  • Absolute NNN lease with no landlord responsibilities or expenses allows for passive ownership from anywhere
  • Over 10 years remaining in the base lease term with a 10% rent bump in 2030 and in each option period
  • Built in 2017, the property features premium construction, including a stone façade, pitched roof edges, and double drive-thru
  • This 3.45-acre site with two ingress/egress points sees over 16,000 vehicles passing daily on Easton Road/Route 611
  • Population growth projected through 2029 in the surrounding area, which includes a new residential community, Lantern Ridge
  • his is the only national drug store chain within a 3+ mile radius. The nearest CVS is 3.6 miles away and Walgreens is 10 miles away.

OVERVIEW

CBRE is pleased to exclusively present for sale this Rite Aid property located on Easton Road (Route 611) in Plumsteadville, Pennsylvania. The Property was built in 2017 and has high-quality construction with stone on the façade, pitched roof edges, and a double-drive thru, a feature which has been an integral part of any tenant’s success and is a salient point to most tenants in the future, if necessary. This 11,085 square foot Rite Aid has 10+ years remaining on an Absolute NNN lease with zero landlord responsibilities or expenses. The Property sits on a large 3.45 acre parcel that allows for numerous redevelopment opportunities in the future if necessary.

FOR SALE DETAILS

PRICE

$4,369,906 USD

PRICE/SF

$394 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rite Aid | Plumsteadville, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.45 AC

LAND SF

150,282 SF

ZONING

C2

APN/PARCEL ID

34-003-110

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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