105 E Uwchlan Ave
Exton, PA 19341
CVS | 20.5 Yrs | NNN | HH | Income $140K · Retail Property For Sale

Pharma Property Group is pleased to present the opportunity to purchase a CVS located in Lionville, Pennsylvania. After nearly 20 years of a profitable operating history, CVS has agreed to extend the lease to 20.5 years on an absolute net lease basis with no landlord responsibilities whatsoever. The lease has ten (5-year) options and allows for 5% increases in the first 6 options. Income is guaranteed by CVS Corporate (S&P BBB, NASDAQ CVS). This location has a very modest rent per square foot of $12.71 and a price per square foot of $242.17. The subject property includes a Minute Clinic, one of ±1,100 locations within the ±9,900 CVS stores. Customers can make appointments to be seen for minor illnesses or injuries as well as receive vaccinations or travel injections, screenings and monitoring. USSC has two manufacturing facilities totaling 500,000 square feet directly across the street from the subject property. They recently added a new 300,000 square foot, $13 Million facility adjacent to their existing 200,000 square foot building. USSC Group is a manufacturer of custom seating and fire suppression products for transit, military and first responders headquartered in Pennsylvania. There are three hotels within a half mile of the subject property with a total of 315 rooms. The hotels include the Hampton Inn (120 rooms), the Fairfield Inn (104 rooms and the Comfort Inn (91 rooms). The Lionville area benefits from the presence of various large employers including QVC Headquarters (21,000 employees), Siemens Healthcare (4,600 employees), and The Vanguard Group (16,600 employees). This CVS is located in the Philadelphia-Camden-Wilmington Metropolitan Statistical Area, which is the 8th largest MSA in the United States with approximately 6.1 million residents. The average household income is $143,341 in a 3-mile radius, it is $140,586 in a 5-mile radius, and it is $122,698 in a 10-mile radius. The subject property is located at the intersection of two major thoroughfare in the region, Interstate 76 (±54,000 vehicles per day) and Pottstown Pike (40,000 vehicles per day). The Uwchelan intersection boasts approximately 56,000 vehicles per day.