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Drug Store

CVS Pharmacy | 20 Years Remain | YEAR END CLOSE PREFERRED

Knights Rd & Liberty Bell Blvd,, Philadelphia, PA 19154

Listing Price: $10,943,760

Cap Rate
4.60%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
20.1
Guarantor
Corporate Guarantee
Rentable SF
14,698
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.25

Investment Overview

The Tenant benefits from strong local positioning, adjacent to the 205,007-square-foot Philadelphia Marketplace, anchored by Big Lots, Dollar Tree and Harbor Freight, and the 222,500-square-foot Liberty Plaza anchored by Dick’s Sporting Goods and Raymour & Flanigan. This retail corridor also features regional Walmart Supercenter, Sam’s Club and The Home Depot locations.

Investment Highlights

  • New Construction with 20-Year Lease Term
  • CVS Has Dominant Market Share in the Philadelphia MSA
  • Dense, Mature Location; 27,000+ One-Mile Population

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Drug Store

CVS Pharmacy | 20 Years Remain | YEAR END CLOSE PREFERRED

Listing Price: $10,943,760

Cap Rate
4.60%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
20.1
Guarantor
Corporate Guarantee
Rentable SF
14,698
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.25

Investment Highlights

  • New Construction with 20-Year Lease Term
  • CVS Has Dominant Market Share in the Philadelphia MSA
  • Dense, Mature Location; 27,000+ One-Mile Population

Investment Overview

The Tenant benefits from strong local positioning, adjacent to the 205,007-square-foot Philadelphia Marketplace, anchored by Big Lots, Dollar Tree and Harbor Freight, and the 222,500-square-foot Liberty Plaza anchored by Dick’s Sporting Goods and Raymour & Flanigan. This retail corridor also features regional Walmart Supercenter, Sam’s Club and The Home Depot locations.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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