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CVS Pharmacy 1833 E High St 10,125 SF Retail Building Pottstown, PA 19464 $3,543,307 ($349.96/SF) 6.35% Cap Rate
Investment Highlights
- Brand New Roof with transferable 20-year warranty – The property recently underwent a full tear-off and complete roof replacement, accompanied by a 20
- High-Performing Store – Ranked in the 70th percentile of CVS stores nationwide for store visits according to Placer.ai.
- Proximity to Healthcare – Situated in close proximity to local hospital and a dense concentration of medical offices, supporting sustained prescriptio
- Favorable Demographics – The property is supported by a strong trade area with an average household income of $126,000 and a population of 97,000 with
- Below-Market & Replaceable Rent – Current rent is below market, enhancing long-term durability and supporting strong residual value with excellent re-
- Long-Term Lease – 9 years remaining on the initial term, providing stable and predictable cash flow.
Executive Summary
The CVS located at 1833 E High Street in Pottstown, Pennsylvania offers a stable, credit-backed net lease investment supported by strong site fundamentals. The property features a brand new roof completed with a full tear-off and replacement, backed by a transferable 20-year warranty, significantly reducing near-term capital exposure. The store ranks in the 70th percentile nationwide for CVS customer visits based on Placer.ai, reflecting consistent traffic. Current rent is below market and considered replaceable, supporting long-term durability and attractive re-tenanting prospects. The asset is supported by favorable demographics, including an average household income of $126,000 and approximately 97,000 residents within five miles. Located near a hospital and a dense concentration of medical offices, the site benefits from sustained prescription demand. Approximately nine years remain on the initial lease term, secured by a corporate guarantee, providing predictable long-term cash flow with strong estate fundamentals supporting long-term investor confidence and nationwide appeal.
Broker of Record
Kyle Matthews
License # RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Broker of Record
Kyle Matthews
License # RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,125 SF
Building Class
B
Year Built/Renovated
1999/2025
Price
$3,543,307
Price Per SF
$349.96
Cap Rate
6.35%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.00 AC
Zoning
R4 - “R-4 zoning” allows for higher density residential development, including multi-family dwellings, townhouses, and apartments.
Frontage
100’ on High St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, and the CVS name followed the next year. Pharmacies were added to CVS stores in Cranston, Rhode Island, and the business later became part of CVS Health, which expanded the enterprise into retail pharmacy, prescription benefits, and related health services. CVS Pharmacy operates as a retail pharmacy chain with neighborhood, mail-order, and specialty pharmacy services, plus prescription delivery and savings support. The company sells over-the-counter medicines, beauty products, seasonal merchandise, and convenience foods, and offers in-store and virtual care through MinuteClinic and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 42-00-01435-008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $855,090 |
Property Taxes
Parcel Number
42-00-01435-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$855,090
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