Skip to main content

Drug Store

CVS | 64% LTV Loan Assumption | 3.375% Interest Rate | 5.39% Cash-on-Cash Return

101 Reeceville Rd, Coatesville, PA 19320

Listing Price: $9,107,593

Cap Rate
5.40%
Tenant Name
CVS
Years Remaining On Lease
13.2
Guarantor
Corporate Guarantee
Rentable SF
13,092
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.57

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale a portfolio comprising of two Walgreens properties and a CVS spread across NJ, NY and PA, respectively. The portfolio presents an investor the opportunity to acquire multiple investment grade properties in premier Northeastern markets with incredible assumable in-place financing. The loans represent an average 67% LTV, allowing for a qualified buyer to utilize the high leverage to satisfy their acquisition requirements. The leases are all long term, corporately backed, with investment grade guarantors, and minimal landlord responsibilities.

The CVS lease features a rent holiday during the final three years of the initial term – Seller to credit the net present value of the rent holiday at closing.

Coatesville, Pennsylvania is a city in Chester County, located about 40 miles west of Philadelphia. Coatesville is a city that boasts a unique blend of history and contemporary opportunities. Known for its industrial heritage, Coatesville has transformed into a diverse and vibrant community. The local economy is influenced by a range of sectors, with a growing emphasis on healthcare, education, and manufacturing. Its strategic location provides easy access to major cities, including Philadelphia, making it an attractive option for both residents and businesses.

Investment Highlights

  • Tenant Pays for Maintenance, Taxes, Insurance – Zero Landlord Responsibilities
  • Located at the Signalized Intersection of Reeceville and Fisherville Road
  • Drive-Thru Location – Accessible to the over 22,000+ Vehicles Per Day
  • Adjacent to Brandywine Hospital, a 171-bed, Acute-care Medical Facility
  • Nearby National/Credit Tenants include Grocery Outlet, Kohl's, Goodwill, Giant, Wawa, Family Dollar, and more
  • The CVS lease features a rent holiday during the final three years of the initial term – Seller to credit the net present value of the rent holiday at closing.

Broker of Record

  • Timothy B. Stephenson Jr.

    Associate Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Drug Store

CVS | 64% LTV Loan Assumption | 3.375% Interest Rate | 5.39% Cash-on-Cash Return

Listing Price: $9,107,593

Cap Rate
5.40%
Tenant Name
CVS
Years Remaining On Lease
13.2
Guarantor
Corporate Guarantee
Rentable SF
13,092
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.57

Investment Highlights

  • Tenant Pays for Maintenance, Taxes, Insurance – Zero Landlord Responsibilities
  • Located at the Signalized Intersection of Reeceville and Fisherville Road
  • Drive-Thru Location – Accessible to the over 22,000+ Vehicles Per Day
  • Adjacent to Brandywine Hospital, a 171-bed, Acute-care Medical Facility
  • Nearby National/Credit Tenants include Grocery Outlet, Kohl's, Goodwill, Giant, Wawa, Family Dollar, and more
  • The CVS lease features a rent holiday during the final three years of the initial term – Seller to credit the net present value of the rent holiday at closing.

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale a portfolio comprising of two Walgreens properties and a CVS spread across NJ, NY and PA, respectively. The portfolio presents an investor the opportunity to acquire multiple investment grade properties in premier Northeastern markets with incredible assumable in-place financing. The loans represent an average 67% LTV, allowing for a qualified buyer to utilize the high leverage to satisfy their acquisition requirements. The leases are all long term, corporately backed, with investment grade guarantors, and minimal landlord responsibilities. The CVS lease features a rent holiday during the final three years of the initial term – Seller to credit the net present value of the rent holiday at closing. Coatesville, Pennsylvania is a city in Chester County, located about 40 miles west of Philadelphia. Coatesville is a city that boasts a unique blend of history and contemporary opportunities. Known for its industrial heritage, Coatesville has transformed into a diverse and vibrant community. The local economy is influenced by a range of sectors, with a growing emphasis on healthcare, education, and manufacturing. Its strategic location provides easy access to major cities, including Philadelphia, making it an attractive option for both residents and businesses.

Broker of Record

  • Timothy B. Stephenson Jr.

    Associate Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

MM Texture Background
MM Textured Background Lower