Drug Store

CVS Pharmacy

1799 Dekalb Pike, Blue Bell, PA 19422

Listing Price: $7,063,846

Cap Rate
5.20%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
13.0
Gross SF
10,125
Guarantor
Corporate Guarantee
Rentable SF
10,125
Price/Gross SF
$697.66
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.28

Investment Overview

Marcus & Millichap is pleased to present this CVS store in upscale Blue Bell, PA., in Montgomery County just outside of Philadelphia. Located at the busy, signaled intersection of DeKalb Pike (Rt. 202) and Township Line Rd., this property has excellent visibility and access. It is across the street from a Giant anchored shopping center. Though it is also at the same intersection with a Walgreens, CVS just recently signed a new lease extending until 2034. CVS has operated in this location since 1998. Rt. 202 is a major commercial artery running from the County Seat, Norristown, to Bucks County. Blue bell is an affluent Philadelphia suburb. Other neighbors include Burger King, Santander Bank, IHOP, Monroe Muffler, and Walgreens. The property is of red brick construction, is in excellent condition, and is a drive through location. The lease is modified NNN-the only landlord responsibility is the structure; the roof and parking lot are on tenant for repair and replacement.

Investment Highlights

  • CVS Signed New Lease until 2034 Indicating Strong Sales Performance & Location
  • Located on Outstanding Corner with High Traffic Counts and Excellent Visibility
  • Long History of Occupancy - At Location since 1998
  • Positioned at Major Intersection of Major Retail Corridor and Directly Across Street
  • Vehicle Counts Exceed 30,000 VPD
  • Excellent Demographics - 86,000 People within 3-Mile Radius and AHHI over $120K

Exclusively Listed By

Listing Price: $7,063,846

Cap Rate
5.20%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
13.0
Gross SF
10,125
Guarantor
Corporate Guarantee
Rentable SF
10,125
Price/Gross SF
$697.66
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.28

Investment Highlights

  • CVS Signed New Lease until 2034 Indicating Strong Sales Performance & Location
  • Located on Outstanding Corner with High Traffic Counts and Excellent Visibility
  • Long History of Occupancy - At Location since 1998
  • Positioned at Major Intersection of Major Retail Corridor and Directly Across Street
  • Vehicle Counts Exceed 30,000 VPD
  • Excellent Demographics - 86,000 People within 3-Mile Radius and AHHI over $120K

Investment Overview

Marcus & Millichap is pleased to present this CVS store in upscale Blue Bell, PA., in Montgomery County just outside of Philadelphia. Located at the busy, signaled intersection of DeKalb Pike (Rt. 202) and Township Line Rd., this property has excellent visibility and access. It is across the street from a Giant anchored shopping center. Though it is also at the same intersection with a Walgreens, CVS just recently signed a new lease extending until 2034. CVS has operated in this location since 1998. Rt. 202 is a major commercial artery running from the County Seat, Norristown, to Bucks County. Blue bell is an affluent Philadelphia suburb. Other neighbors include Burger King, Santander Bank, IHOP, Monroe Muffler, and Walgreens. The property is of red brick construction, is in excellent condition, and is a drive through location. The lease is modified NNN-the only landlord responsibility is the structure; the roof and parking lot are on tenant for repair and replacement.

Exclusively Listed By

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