2801 Egypt Rd - Drug Store FOR SALE


Audubon, PA 19403
$6,700,000 USD
630-570-2238
2801 Egypt Rd, Audubon, PA for Sale
$6,700,000 USD
Drug Store - FOR SALE
1/7
null | 7.5% Cap Rate

2801 Egypt Rd
Audubon, PA 19403


HIGHLIGHTS

  • Absolute NNN lease with 12.7 years remaining, guaranteed by CVS Health Corporation
  • Ten five-year renewal options with 3% rental increases every five years
  • Built-to-suit in 2007 with drive-thru for added convenience and value
  • Located on a signalized hard corner with strong traffic counts (Egypt Rd: 21,663 VPD; Park Ave: 13,054 VPD)
  • Dense, affluent trade area with 154,225 residents and $142,758 average household income within five miles
  • Proximity to King of Prussia Mall, major shopping centers, and regional medical facilities

OVERVIEW

This corporately guaranteed CVS offers more than 12 years of remaining term on an absolute triple-net lease, featuring rare 3% rental increases every five years in the option periods. Built-to-suit for CVS in 2007, the property includes a high-value drive-thru and sits at a signalized hard corner along S. Park Avenue and Egypt Road, just 0.8 miles from the Pottstown Expressway. The location is surrounded by strong consumer traffic drivers, including Audubon Square and Valley Forge Marketplace, two top-ranked community centers with millions of annual visits, and is only five miles from King of Prussia Mall, one of the largest and most visited malls in the nation. The asset benefits from a dense, affluent trade area with more than 154,000 residents and over 220,000 employees within five miles, supported by nearby major medical centers and significant surrounding retail.

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$583 USD /SF

CAP RATE

7.5%

% 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

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

-

APN/PARCEL ID

43-00-03658-007

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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