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
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.
CVS | 64% LTV Loan Assumption | 3.375% Interest Rate | 5.39% Cash-on-Cash Return
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
Drug Store
CVS | 64% LTV Loan Assumption | 3.375% Interest Rate | 5.39% Cash-on-Cash Return
Listing Price: $9,107,593
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
