33 E Market St - Drug Store FOR SALE


Lewistown, PA 17044
$4,282,000 USD
202-286-1542
33 E Market St, Lewistown, PA for Sale
$4,282,000 USD
Drug Store - FOR SALE
1/10
null | 6.35% Cap Rate

33 E Market St
Lewistown, PA 17044


HIGHLIGHTS

  • Corporate Guaranteed Lease (S&P: BBB) | Options to Extend | Approximately 18 Years Remaining | America’s Leading Pharmacy
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Tax Advantages and Passive Equity Growth | Zero Cash Flow | Paydown / Readvance Structure Available
  • Geisinger Lewistown Hospital (123 Beds) | Dense Retail Corridor | Strong National/Credit Tenants
  • Signalized, Hard Corner Intersection | Residential Consumer Base
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, CVS Pharmacy located in Lewistown, Pennsylvania. The tenant has approximately 18 years remaining with 10 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The asset includes a Credit Tenant Lease (CTL) zero cash flow financing which may be assumed, which also includes a paydown/readvance feature allowing for investors to pull cash from the transaction – see page 18 for more details. CVS Pharmacy is America’s leading retail pharmacy with over 9,000 locations across 49 states.

FOR SALE DETAILS

PRICE

$4,282,000 USD

PRICE/SF

$358 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | 18+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

C

APN/PARCEL ID

03-02-0146-000

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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