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Drug Store

CVS

958 S Krocks Road, Allentown, PA 18106

Listing Price: $3,654,112

Cap Rate
5.35%
Tenant Name
CVS
Years Remaining On Lease
8.8
Gross SF
9,184
Guarantor
Corporate Guarantee
Rentable SF
9,184
Price/Gross SF
$397.88
Lease Type
Double Net
Rent Per Square Feet
$21.29

Investment Overview

Marcus & Millichap is pleased to present 958 S. Krocks Road, a recently extended term CVS pharmacy located in Allentown, Pennsylvania. The retail property is a one-story building covering 9,184 square feet and is situated on 1.17 acres of land. It was built in 1998 and is currently 100% occupied by a national retailer that has been consistently operating at this location for more than 26 years. The property is located at the intersection of two of the main streets in the area and a signaled corner intersection. It fronts S. Krocks Road, which has a daily traffic count of 4,678 vehicles per day, and Hamilton Boulevard, which has a daily traffic count of 12,875 vehicles per day. This location is situated along a main retail corridor outside Allentown proper accompanying numerous national retailers along Hamilton Boulevard. Located a seventeen-minute drive from the Lehigh Valley International Airport. The property is surrounded by more than 368,000 residents within a ten-mile radius and minutes from the Amazon ABE2 fulfillment Center, located in the expansive Lehigh Valley West II industrial park comprised of 303.961 Acres of logistics buildings.

Investment Highlights

  • Located along a major retail corridor
  • Signaled corner location
  • Over 368,000 residents within a 10-mile radius

Exclusively Listed By

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Listing Price: $3,654,112

Cap Rate
5.35%
Tenant Name
CVS
Years Remaining On Lease
8.8
Gross SF
9,184
Guarantor
Corporate Guarantee
Rentable SF
9,184
Price/Gross SF
$397.88
Lease Type
Double Net
Rent Per Square Feet
$21.29

Investment Highlights

  • Located along a major retail corridor
  • Signaled corner location
  • Over 368,000 residents within a 10-mile radius

Investment Overview

Marcus & Millichap is pleased to present 958 S. Krocks Road, a recently extended term CVS pharmacy located in Allentown, Pennsylvania. The retail property is a one-story building covering 9,184 square feet and is situated on 1.17 acres of land. It was built in 1998 and is currently 100% occupied by a national retailer that has been consistently operating at this location for more than 26 years. The property is located at the intersection of two of the main streets in the area and a signaled corner intersection. It fronts S. Krocks Road, which has a daily traffic count of 4,678 vehicles per day, and Hamilton Boulevard, which has a daily traffic count of 12,875 vehicles per day. This location is situated along a main retail corridor outside Allentown proper accompanying numerous national retailers along Hamilton Boulevard. Located a seventeen-minute drive from the Lehigh Valley International Airport. The property is surrounded by more than 368,000 residents within a ten-mile radius and minutes from the Amazon ABE2 fulfillment Center, located in the expansive Lehigh Valley West II industrial park comprised of 303.961 Acres of logistics buildings.

Exclusively Listed By

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

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