11240 Perry Hwy - Drug Store FOR SALE


Wexford, PA 15090 | 
$2,617,392 USD
404-441-3849
11240 Perry Hwy, Wexford, PA for Sale
$2,617,392 USD
Drug Store - FOR SALE
1/6
null | 5.75% Cap Rate

11240 Perry Hwy
Wexford, PA 15090


HIGHLIGHTS

  • Located on a hard corner at a signalized intersection with excellent access and visibility.
  • Supported by affluent average household incomes exceeding $201,000 within a 1-mile radius.
  • Across From ±151,500 SF Pine Center
  • Significant Rent Escalation in First Renewal Option
  • Long-Term Operating History

OVERVIEW

This investment offering features a corporate-guaranteed CVS Pharmacy located in the Pittsburgh MSA (Wexford, PA) with approximately 13.1 years remaining on an absolute NNN lease that extends through 2039. Backed by CVS Health Corporation—an investment-grade tenant (S&P: BBB) with 2025 revenues exceeding $402 billion—the property boasts a 27-year operating history since 1999, a 22.2% rent escalation in its first renewal option, and ten 5-year extension terms. Situated on a high-visibility, signalized hard corner along Perry Highway (13,485 VPD) near major highways (I-76 and I-79), the asset benefits from a dense and affluent commercial corridor surrounded by 3.1 million square feet of retail, prominent shopping centers like Pine Center and Wexford Plaza, AHN Wexford Hospital, multiple schools, and strong demographics featuring an average household income exceeding $211,000 within a 3-mile radius.

FOR SALE DETAILS

PRICE

$2,617,392 USD

PRICE/SF

$250 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS: Wexford, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

-

APN/PARCEL ID

1499-L-00027-0000-00

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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