101 Easton Rd - Drug Store FOR SALE


Horsham Township, PA 19044- Horsham/Willow Grove
$4,695,000 USD
215-603-6914
101 Easton Rd, Horsham Township, PA for Sale
$4,695,000 USD
Drug Store - FOR SALE
1/9
null | 5.75% Cap Rate

101 Easton Rd
Horsham Township, PA 19044
Horsham/Willow Grove


HIGHLIGHTS

  • 17+ years remaining on corporately guaranteed NNN ground lease with 10% rent increases every five years.
  • Signalized corner location in Horsham, Pennsylvania with 66,775 VPD and strong visibility.
  • Investment-grade tenant CVS Health Corporation with 9,000+ locations nationwide.
  • Less than 0.5 miles from the Pennsylvania Turnpike (I-276) interchange (100,000+ VPD).
  • Located along the dense Route 611 retail corridor with major national retailers.
  • Strong demographics and employment base near Pennsylvania Business Campus and Jefferson Health – Willow Grove.

OVERVIEW

CBRE is pleased to exclusively present for sale this Absolute-Net Lease investment property leased to and corporately guaranteed by CVS Health Corporation (NYSE: CVS), located at the signalized intersection of Easton Road and Blair Mill Road in Horsham, Pennsylvania. The property benefits from excellent visibility at a signalized hard corner along Rte. 611, a heavily trafficked retail corridor with exposure to 66,775 vehicles per day. CVS operates on a long-term NNN ground lease with more than 17 years remaining on the 25-year base term, six five-year renewal options, and 10 percent rental increases in each option period. The lease structure provides a completely passive ownership structure, with the tenant responsible for all operating expenses (taxes, insurance, CAM) and all on site management of the real estate. The property is situated on a 1.875-acre parcel within a larger 8.169-acre retail site also occupied by Wawa and P.J. Whelihan’s, along with two additional improved and fully approved “shovel-ready” pad sites that provide future development upside benefitting the overall site. The strong co-tenancy and irreplaceable location vastly enhance the long-term durability of the real estate. CVS Health Corporation is one of the largest healthcare and retail pharmacy companies in the United States, operating more than 9,000 locations nationwide. The company reported approximately $402.1 billion in revenue in 2025 and maintains an investment-grade credit rating of BBB from S&P, providing strong corporate backing and long-term stability for investors.

FOR SALE DETAILS

PRICE

$4,695,000 USD

PRICE/SF

$470 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.87 AC

LAND SF

81,457 SF

ZONING

I1

APN/PARCEL ID

36-00-00901-008

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.