Drug Store
CVS
270 S Courtland St, East Stroudsburg, PA 18301
Listing Price: $3,250,000
Cap Rate
5.33%
Tenant Name
CVS
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
26,376
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.57
Investment Overview
20+ YEAR OPERATING HISTORY | COVERED LAND PLAY | TOP PERFORMING COLLEGE TOWN LOCATION
CVS
Investment Highlights
- COVERED LAND PLAY | BELOW-MARKET RENT | SIGNIFICANT UPSIDE POTENTIAL • Large 2.90-acre parcel supporting a 26,376 SF building offers a rare covered land play, with redevelopment potential and addition
- 15.4-YEAR LEASE TERM REMAINING | RARE 10% RENTAL INCREASES • Long-term income visibility through January 2042, with two additional 5-year renewal options extending potential occupancy through 2052
- INVESTMENT-GRADE, ABSOLUTE NNN LEASE | 20+ YEAR OPERATING HISTORY • Corporate-guaranteed lease backed by CVS Pharmacy, LLC (BBB, S&P) on an Absolute NNN basis – zero landlord responsibilities
Exclusively Listed By
Listing Price: $3,250,000
Cap Rate
5.33%
Tenant Name
CVS
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
26,376
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.57
Investment Highlights
- COVERED LAND PLAY | BELOW-MARKET RENT | SIGNIFICANT UPSIDE POTENTIAL • Large 2.90-acre parcel supporting a 26,376 SF building offers a rare covered land play, with redevelopment potential and addition
- 15.4-YEAR LEASE TERM REMAINING | RARE 10% RENTAL INCREASES • Long-term income visibility through January 2042, with two additional 5-year renewal options extending potential occupancy through 2052
- INVESTMENT-GRADE, ABSOLUTE NNN LEASE | 20+ YEAR OPERATING HISTORY • Corporate-guaranteed lease backed by CVS Pharmacy, LLC (BBB, S&P) on an Absolute NNN basis – zero landlord responsibilities
Investment Overview
20+ YEAR OPERATING HISTORY | COVERED LAND PLAY | TOP PERFORMING COLLEGE TOWN LOCATION
Exclusively Listed By
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