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Drug Store

CVS I Top 6% Store in PA I Top 11% Nationwide

3893 William Penn Hwy, Monroeville, PA 15146

Listing Price: $6,848,000

Cap Rate
6.28%
Tenant Name
CVS
Years Remaining On Lease
9.9
Gross SF
12,900
Guarantor
Corporate Guarantee
Rentable SF
12,900
Price/Gross SF
$530.85
Lease Type
Double Net
Rent Per Square Feet
$33.32

Investment Overview

Lease Corporately Guaranteed by CVS, The Largest Pharmacy Chain in the United States, with over 9,500 locations Nation-Wide and an S&P credit rating of BBB and a Moody’s Rating of Baa3. Subject Property is Surrounded by a Host of the Nation’s Most Successful Retailers Including Target, Lowe’s, Aldi, Chick-fil-A, Five Guys, Taco Bell, Jiffy Lube, and Many More.

Investment Highlights

  • Among all Pharmacy Visits (Per Placer.ai) this Store Ranks in the top 11% nationwide, Top 6% in Pennsylvania and Top 100% within a 5-Mile Radius Providing Additional Tenant Security
  • One of a Select few CVS Locations that Features a Health Hub which Includes the Same Services as a CVS MinuteClinic Plus the Added Benefit of Wellness Support and a Wider Variety of Health Products
  • Located at the Heavily Trafficked Signalized Intersection of William Penn Highway and Northern Pike with more than 35,000 Vehicles Passing Daily
  • Subject Property is Strategically Located In the Pittsburgh MSA - the 26th Most Populous Area in the U.S. with More Than 2.4 Million Residents and within 35-Miles from Pittsburgh International Airport

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Drug Store

CVS I Top 6% Store in PA I Top 11% Nationwide

Listing Price: $6,848,000

Cap Rate
6.28%
Tenant Name
CVS
Years Remaining On Lease
9.9
Gross SF
12,900
Guarantor
Corporate Guarantee
Rentable SF
12,900
Price/Gross SF
$530.85
Lease Type
Double Net
Rent Per Square Feet
$33.32

Investment Highlights

  • Among all Pharmacy Visits (Per Placer.ai) this Store Ranks in the top 11% nationwide, Top 6% in Pennsylvania and Top 100% within a 5-Mile Radius Providing Additional Tenant Security
  • One of a Select few CVS Locations that Features a Health Hub which Includes the Same Services as a CVS MinuteClinic Plus the Added Benefit of Wellness Support and a Wider Variety of Health Products
  • Located at the Heavily Trafficked Signalized Intersection of William Penn Highway and Northern Pike with more than 35,000 Vehicles Passing Daily
  • Subject Property is Strategically Located In the Pittsburgh MSA - the 26th Most Populous Area in the U.S. with More Than 2.4 Million Residents and within 35-Miles from Pittsburgh International Airport

Investment Overview

Lease Corporately Guaranteed by CVS, The Largest Pharmacy Chain in the United States, with over 9,500 locations Nation-Wide and an S&P credit rating of BBB and a Moody’s Rating of Baa3. Subject Property is Surrounded by a Host of the Nation’s Most Successful Retailers Including Target, Lowe’s, Aldi, Chick-fil-A, Five Guys, Taco Bell, Jiffy Lube, and Many More.

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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