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Drug Store

CVS Pharmacy

5703 Steubenville Pike, Robinson, PA 15136

Listing Price: $7,628,660

Cap Rate
5.00%
Tenant Name
CVS
Years Remaining On Lease
11.7
Guarantor
Corporate Guarantee
Rentable SF
12,900
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.57

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS located at 5703 Steubenville Pike, McKees Rocks, PA 15136. The property consists of roughly 12,900 rentable square feet of building space on an estimated 1.91-acre parcel of land. CVS is subject to a 12-year Absolute Triple-Net Lease (NNN). The initial rent is$381,433 and is scheduled to increased by 5.00% at each of the six (6), five (5) year tenant renewal option periods.

Investment Highlights

  • 12+ Year Absolute Triple-Net (NNN) Lease
  • Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to Over 42 Years
  • 5% Rental Increases Every Five (5) Years Following Lease Expiration

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: $7,628,660

Cap Rate
5.00%
Tenant Name
CVS
Years Remaining On Lease
11.7
Guarantor
Corporate Guarantee
Rentable SF
12,900
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.57

Investment Highlights

  • 12+ Year Absolute Triple-Net (NNN) Lease
  • Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to Over 42 Years
  • 5% Rental Increases Every Five (5) Years Following Lease Expiration

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS located at 5703 Steubenville Pike, McKees Rocks, PA 15136. The property consists of roughly 12,900 rentable square feet of building space on an estimated 1.91-acre parcel of land. CVS is subject to a 12-year Absolute Triple-Net Lease (NNN). The initial rent is$381,433 and is scheduled to increased by 5.00% at each of the six (6), five (5) year tenant renewal option periods.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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