CVS 101 Easton Rd 12,900 SF Retail Building Horsham Township, PA 19044 $4,695,000 ($363.95/SF) 5.75% Cap Rate

CBRE is pleased to exclusively present for sale this Absolute-Net Lease investment property leased to and corporately guaranteed by CVS Health Corporation (NYSE: CVS), located at the signalized intersection of Easton Road and Blair Mill Road in Horsham, Pennsylvania. The property benefits from excellent visibility at a signalized hard corner along Rte. 611, a heavily trafficked retail corridor with exposure to 66,775 vehicles per day.
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.