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CVS | 18+yrs Remain Corp Abs NNN 33 E Market St 11,945 SF Retail Building Lewistown, PA 17044 $4,282,000 ($358.48/SF) 6.35% Cap Rate
Investment Highlights
- Corporate Guaranteed Lease (S&P: BBB) | Options to Extend | Approximately 18 Years Remaining | America’s Leading Pharmacy
- Tax Advantages and Passive Equity Growth | Zero Cash Flow | Paydown / Readvance Structure Available
- Signalized, Hard Corner Intersection | Residential Consumer Base
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Geisinger Lewistown Hospital (123 Beds) | Dense Retail Corridor | Strong National/Credit Tenants
- Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS National Net Lease Group LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, CVS Pharmacy located in Lewistown, Pennsylvania. The tenant has approximately 18 years remaining with 10 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The asset includes a Credit Tenant Lease (CTL) zero cash flow financing which may be assumed, which also includes a paydown/readvance feature allowing for investors to pull cash from the transaction – see page 18 for more details. CVS Pharmacy is America’s leading retail pharmacy with over 9,000 locations across 49 states.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,945 SF
Building Class
B
Year Built
2016
Price
$4,282,000
Price Per SF
$358.48
Cap Rate
6.35%
NOI
$271,925
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.11 AC
Zoning
C - Commercial
Parking
59 Spaces (4.94 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Very walkable
80/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03-02-0146-000 | Improvements Assessment | $431,050 |
| Land Assessment | $46,400 | Total Assessment | $477,450 |
Property Taxes
Parcel Number
03-02-0146-000
Land Assessment
$46,400
Improvements Assessment
$431,050
Total Assessment
$477,450
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CVS | 18+yrs Remain Corp Abs NNN | 33 E Market St
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