7000 W Butler Pike - Drug Store FOR SALE


$6,328,763 USD
202-847-4200
7000 W Butler Pike, Ambler, PA for Sale
$6,328,763 USD
Drug Store - FOR SALE
1/6
null | 8% Cap Rate


HIGHLIGHTS

  • Long Term Lease
  • Investment Grade Credit
  • Zero Landlord Responsibilities
  • Strategic Location
  • Established Suburban Retail Corridor
  • Access to Major Transportation Networks

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee-simple condominium located at 7000 West Butler Pike in Ambler, Pennsylvania (the “Property”). The Property, constructed in 2012, is leased to CVS and consists of a 12,928 square foot building with a dedicated drive through lane. CVS has 12+ years remaining on their Absolute NNN lease with ten (10), five-year renewal options. CVS is situated at the signalized intersection of Butler Pike and Skippack Pike (PA Route 73), two primary roadways serving Ambler, Upper Dublin Township, and the surrounding Montgomery County communities. The Property benefits from strong visibility and accessibility within an established suburban retail corridor anchored by dense residential neighborhoods and neighborhood-serving retail uses. The surrounding trade area is further supported by a concentration of large-scale corporate, pharmaceutical, and professional office campuses located throughout Upper Dublin, Fort Washington, and adjacent submarkets. These facilities generate a substantial daytime population and provide a stable employment base that drives consistent weekday traffic and demand for convenience-oriented retail and pharmacy services.

FOR SALE DETAILS

PRICE

$6,328,763 USD

PRICE/SF

$491 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,977 SF

ZONING

CRH

APN/PARCEL ID

65-00-10658-005

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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