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CVS 101 Easton Rd 12,900 SF Retail Building Horsham Township, PA 19044 $4,695,000 ($363.95/SF) 5.75% Cap Rate
Investment Highlights
- 17+ years remaining on corporately guaranteed NNN ground lease with 10% rent increases every five years.
- Investment-grade tenant CVS Health Corporation with 9,000+ locations nationwide.
- Located along the dense Route 611 retail corridor with major national retailers.
- Signalized corner location in Horsham, Pennsylvania with 66,775 VPD and strong visibility.
- Less than 0.5 miles from the Pennsylvania Turnpike (I-276) interchange (100,000+ VPD).
- Strong demographics and employment base near Pennsylvania Business Campus and Jefferson Health – Willow Grove.
Executive Summary
CVS operates on a long-term NNN ground lease with more than 17 years remaining on the 25-year base term, six five-year renewal options, and 10 percent rental increases in each option period. The lease structure provides a completely passive ownership structure, with the tenant responsible for all operating expenses (taxes, insurance, CAM) and all on site management of the real estate.
The property is situated on a 1.875-acre parcel within a larger 8.169-acre retail site also occupied by Wawa and P.J. Whelihan’s, along with two additional improved and fully approved “shovel-ready” pad sites that provide future development upside benefitting the overall site. The strong co-tenancy and irreplaceable location vastly enhance the long-term durability of the real estate.
CVS Health Corporation is one of the largest healthcare and retail pharmacy companies in the United States, operating more than 9,000 locations nationwide. The company reported approximately $402.1 billion in revenue in 2025 and maintains an investment-grade credit rating of BBB from S&P, providing strong corporate backing and long-term stability for investors.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 12,900 SF
- -
- Triple Net
- Jan 2044
CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 12,900 SF | - | Triple Net | Jan 2044 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 36-00-00901-008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,244,880 |
Property Taxes
Presented by
CVS | 101 Easton Rd
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