1833 E High St - Drug Store FOR SALE


Pottstown, PA 19464
$3,600,000 USD
216-367-7884
1833 E High St, Pottstown, PA for Sale
$3,600,000 USD
Drug Store - FOR SALE
1/3
null | 6.25% Cap Rate

1833 E High St
Pottstown, PA 19464


HIGHLIGHTS

  • Brand New Roof with transferable 20-year warranty – The property recently underwent a full tear-off and complete roof replacement, accompanied by a 20
  • Favorable Demographics – The property is supported by a strong trade area with an average household income of $126,000 and a population of 97,000 with
  • High-Performing Store – Ranked in the 70th percentile of CVS stores nationwide for store visits according to Placer.ai.
  • Below-Market & Replaceable Rent – Current rent is below market, enhancing long-term durability and supporting strong residual value with excellent re-
  • Proximity to Healthcare – Situated in close proximity to local hospital and a dense concentration of medical offices, supporting sustained prescriptio
  • Long-Term Lease – 9 years remaining on the initial term, providing stable and predictable cash flow.

OVERVIEW

The CVS located at 1833 E High Street in Pottstown, Pennsylvania offers a stable, credit-backed net lease investment supported by strong site fundamentals. The property features a brand new roof completed with a full tear-off and replacement, backed by a transferable 20-year warranty, significantly reducing near-term capital exposure. The store ranks in the 70th percentile nationwide for CVS customer visits based on Placer.ai, reflecting consistent traffic. Current rent is below market and considered replaceable, supporting long-term durability and attractive re-tenanting prospects. The asset is supported by favorable demographics, including an average household income of $126,000 and approximately 97,000 residents within five miles. Located near a hospital and a dense concentration of medical offices, the site benefits from sustained prescription demand. Approximately nine years remain on the initial lease term, secured by a corporate guarantee, providing predictable long-term cash flow with strong estate fundamentals supporting long-term investor confidence and nationwide appeal. Broker of Record Kyle Matthews License # RB068831 (PA) Matthews Real Estate Investment Services, Inc 1600 West End Ave., Ste. 1500 Nashville, TN 37203 (866) 889-0550

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$356 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R4

APN/PARCEL ID

42-00-01435-008

ASK ABOUT THIS PROPERTY

Ethan SmithMatthews Real Estate Investment ServicesMore Info
216-367-7884

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

Ethan SmithMatthews Real Estate Investment ServicesMore Info
216-367-7884

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