Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2000
Lease Type NN
Current / Passing Rent
Lease Expiration 2035-03-31
Remaining Term 12 years, 10 months
Tenant CVS Pharmacy, Inc
Building Area Net
Land Area Net ()
Number of units 10000
Occupancy 100.0 %

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer a free-standing CVS Pharmacy ("Property") in the affluent Chalfont section of Bucks County, PA. The 10,125 SF Property has a 22+ Year operating history and 12+ Years of term remaining, demonstrating commitment to the location. The NN structure in this national credit tenant (BBB; S&P) offers minimal landlord responsibilities and a steady, predictable cash flow with a Corporate Guaranty. The Property’s high visibility and proximity to Route 202 (21,000 VPD) provides excellent transportation access, driving the trade radius in an affluent sub-market just 28 miles north of Center City Philadelphia, with a population of 122,248 and an average household income of $126,309 within a 5-mile radius.

Investment highlights

  • 12+ Years of Term Remaining
  • 22+ Year Operating History
    • Demonstrating Loyalty and Commitment to Location
  • BBB (S&P) Credit Rating With Corporate Guaranty
  • CVS Pharmacy With Drive-Thru
  • Minimal Landlord Responsibilities; NN
    • Landlord Responsible for Structure
    • Additional Landlord Responsibilities: Landscaping, Irrigation and Parking Lot Sweeping – passed through to tenant as CAM
  • High Visibly Along Route 202 & Signalized Intersection
    • 21,000 VPD
    • Four-way Traffic Signal Located Directly Adjacent to Property’s Parking Lot
Last Updated Date: 28 Apr 2022

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Last Updated Date: 28 Apr 2022

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