Drug Store
CVS True NNN Lease
2801 Egypt Rd, Audubon, PA 19403
Listing Price: $6,700,000
Investment Overview
This corporately guaranteed CVS offers more than 12 years of remaining term on an absolute triple-net lease, featuring rare 3% rental increases every five years in option periods. Built-to-suit for CVS in 2007, the property includes a high-value drive-thru and sits at a signalized hard corner along S. Park Avenue and Egypt Road, just 0.8 miles from the Pottstown Expressway. The location is surrounded by strong consumer traffic drivers, including Audubon Square and Valley Forge Marketplace—two top-ranked community centers with millions of annual visits—and is only five miles from King of Prussia Mall, one of the largest and most visited malls in the nation. The asset benefits from a dense, affluent trade area with more than 154,000 residents and over 220,000 employees within five miles, supported by nearby major medical centers and significant surrounding retail.
CVS True NNN Lease
Investment Highlights
- Triple Net Lease with 12+ Years Remaining | Assumable Debt 11..80% Cash-on-Cash
- Build-to-Suit construction for CVS | Long term occupancy — tenant since 2007
- Signalized hard corner at S. Park Avenue (13,054 VPD) & Egypt Road (21,663 VPD) | Only 0.8 miles from the Pottstown Expressway (37,822 VPD)
- Ten, five-year options with rare 3% rental increases every five years | Corporately guaranteed
- Surrounded by Major Retail & Near the Third Largest Mall in the U.S.
- 154,225 residents and 220,510 employees within five miles
- Average household income of $153,400 within three miles
Broker of Record
-
Timothy B. Stephenson Jr.
Managing Director, Market Leader - Philadelphia
Financing By
Listing Price: $6,700,000
Investment Highlights
- Triple Net Lease with 12+ Years Remaining | Assumable Debt 11..80% Cash-on-Cash
- Build-to-Suit construction for CVS | Long term occupancy — tenant since 2007
- Signalized hard corner at S. Park Avenue (13,054 VPD) & Egypt Road (21,663 VPD) | Only 0.8 miles from the Pottstown Expressway (37,822 VPD)
- Ten, five-year options with rare 3% rental increases every five years | Corporately guaranteed
- Surrounded by Major Retail & Near the Third Largest Mall in the U.S.
- 154,225 residents and 220,510 employees within five miles
- Average household income of $153,400 within three miles
Investment Overview
This corporately guaranteed CVS offers more than 12 years of remaining term on an absolute triple-net lease, featuring rare 3% rental increases every five years in option periods. Built-to-suit for CVS in 2007, the property includes a high-value drive-thru and sits at a signalized hard corner along S. Park Avenue and Egypt Road, just 0.8 miles from the Pottstown Expressway. The location is surrounded by strong consumer traffic drivers, including Audubon Square and Valley Forge Marketplace—two top-ranked community centers with millions of annual visits—and is only five miles from King of Prussia Mall, one of the largest and most visited malls in the nation. The asset benefits from a dense, affluent trade area with more than 154,000 residents and over 220,000 employees within five miles, supported by nearby major medical centers and significant surrounding retail.
Broker of Record
-
Timothy B. Stephenson Jr.
Managing Director, Market Leader - Philadelphia
Financing By
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