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CVS Pharmacy 212 Pottsville St 13,277 SF Retail Building Pottsville, PA 17901 $6,287,326 ($473.55/SF) 6% Cap Rate
Investment Highlights
- CVS is an investment grade rated tenant (S&P: BBB)
- Corporate CVS guaranty
- Operating history since 2010
- NNN lease – No landlord responsibilities
- Over 12 years remaining
- Located just off State Highway 61 (21,344 VPD)
Executive Summary
Bang Realty is pleased to exclusively market for sale a single tenant net leased CVS Pharmacy located in Pottsville, PA. The lease runs
through January 2036 which leaves over 12 years remaining on the primary term. CVS has been successfully operating at this location
since 2010, demonstrating commitment to the site. The lease is triple net which presents no landlord responsibilities and has ten
5-year renewal options attached. The lease also features a corporate guaranty.
The 13,277 square-foot building is positioned just off of Pottsville’s main thoroughfare, State Highway 61, which experiences over 21,344
vehicles per day. The subject property is adjacent to Cressona Mall, a major shopping destination for the surrounding population.
The mall is occupied by GIANT, Staples, Goodwill, Advance Auto Parts, Verizon, Planet Fitness, and Ollie’s Bargain Outlet. Other
neighboring retailers include Advance Auto Parts, Burger King, Sherwin-Williams, Long John Silvers, and A&W. The subject property
is also positioned amongst several large industrial tenants that drive daytime population. Those tenants include Hydro Extrusions
North America, Northeast Prestressed Products, and Prysmian Group. CVS is also located several blocks west of Penn State – Schuylkill
which is 1 of the 19 Pennsylvania Commonwealth campuses. Furthermore, there are 39,991 people living within a five-mile radius that
earn an average household income of $82,979.
CVS Pharmacy is the nation’s largest drugstore chain and total prescription revenue and operates 9,900+ locations in 49 states, the
District of Columbia, Puerto Rico and Brazil. CVS Pharmacy is a publicly traded company on the New York Stock Exchange (Symbol:
CVS) with a market capitalization in excess of $97.9 billion. CVS is one of the largest corporations in the nation, ranking #4 on the
Fortune 500.
through January 2036 which leaves over 12 years remaining on the primary term. CVS has been successfully operating at this location
since 2010, demonstrating commitment to the site. The lease is triple net which presents no landlord responsibilities and has ten
5-year renewal options attached. The lease also features a corporate guaranty.
The 13,277 square-foot building is positioned just off of Pottsville’s main thoroughfare, State Highway 61, which experiences over 21,344
vehicles per day. The subject property is adjacent to Cressona Mall, a major shopping destination for the surrounding population.
The mall is occupied by GIANT, Staples, Goodwill, Advance Auto Parts, Verizon, Planet Fitness, and Ollie’s Bargain Outlet. Other
neighboring retailers include Advance Auto Parts, Burger King, Sherwin-Williams, Long John Silvers, and A&W. The subject property
is also positioned amongst several large industrial tenants that drive daytime population. Those tenants include Hydro Extrusions
North America, Northeast Prestressed Products, and Prysmian Group. CVS is also located several blocks west of Penn State – Schuylkill
which is 1 of the 19 Pennsylvania Commonwealth campuses. Furthermore, there are 39,991 people living within a five-mile radius that
earn an average household income of $82,979.
CVS Pharmacy is the nation’s largest drugstore chain and total prescription revenue and operates 9,900+ locations in 49 states, the
District of Columbia, Puerto Rico and Brazil. CVS Pharmacy is a publicly traded company on the New York Stock Exchange (Symbol:
CVS) with a market capitalization in excess of $97.9 billion. CVS is one of the largest corporations in the nation, ranking #4 on the
Fortune 500.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,277 SF
Building Class
C
Year Built
2010
Price
$6,287,326
Price Per SF
$473.55
Cap Rate
6%
NOI
$377,240
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.96 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jan 2036
CVS Pharmacy began as a single store in Lowell, Massachusetts in 1963 and grew into a retail pharmacy business within CVS Health. The company dispenses prescriptions and supports patient care through vaccinations, counseling, prescription savings, mail order pharmacy, specialty pharmacy, and prescription delivery, while also selling health and wellness products and general merchandise. CVS Pharmacy remains a major U.S. pharmacy chain with a broad neighborhood presence and is part of a larger health care platform that connects retail pharmacy, pharmacy benefits, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Jan 2036 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-08-0148.004 | Improvements Assessment | $1,810,800 |
| Land Assessment | $75,100 | Total Assessment | $1,885,900 |
Property Taxes
Parcel Number
18-08-0148.004
Land Assessment
$75,100
Improvements Assessment
$1,810,800
Total Assessment
$1,885,900
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CVS Pharmacy | 212 Pottsville St
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