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125 W Washington Ave
Chambersburg, PA 17201
CVS Pharmacy · Retail Property For Sale
Executive Summary
Subject property is located at 125 W Washington St in Chambersburg, PA. The site is a CVS retail building and has operated at the site since 1999. CVS has a NN lease, Landlord is responsible for the roof and structure. *Seller replaced the roof in December 2025! There are 6 years left on the current term. CVS has (2) 5 year renewal options. Each renewal option has 7.5% rent escalations! The property also comes with a parking lot lease with the Borough of Chambersburg, which rent ($770.18) is deducted from the CVS rent for a NOI of $167,420. The parking lot lease expires 3/24/2029. **Seller agrees to pledge $13,250 to bring the NOI up to $180,670. Assumable first mortgage fixed rate at 4% , amortized over 25 years with 10 year balloon payment in 2034. There are 9 years remaining on the term with a current mortgage balance of $1,364,510.49. Loan is non-recourse.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,125 SF
Building Class
B
Year Built
1999
Price
$3,600,000
Price Per SF
$355.56
Cap Rate
5.02%
NOI
$180,670
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.81 AC
Parking
32 Spaces (3.16 Spaces per 1,000 SF Leased)
Frontage
119’ on South Water Street
Property Taxes
| Parcel Number | 05-1D08-002A-000000 | Improvements Assessment | $89,650 |
| Land Assessment | $8,110 | Total Assessment | $97,760 |
Property Taxes
Parcel Number
05-1D08-002A-000000
Land Assessment
$8,110
Improvements Assessment
$89,650
Total Assessment
$97,760
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