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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

Drug Stores Pennsylvania Lewistown 33 E Market St, Lewistown, PA 17044

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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
Drug Store
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
253’ on E Market St

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 as Consumer Value Stores in Lowell, Massachusetts in 1963 and introduced pharmacies inside stores a few years later in Cranston, Rhode Island. The business operates as part of CVS Health, a broader health care company that combines retail pharmacy with pharmacy services, mail order, specialty pharmacy, prescription delivery, vaccinations, and clinical support. CVS Pharmacy serves consumers through a wide network of neighborhood pharmacies and offers services tied to medication access, counseling, and wellness needs. Over time, the company expanded from a single store format into a major U.S. pharmacy presence with a national footprint in health care delivery.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000

Links

1 1
Very walkable
80/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Source: Local Logic®

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
(202) 286-1542

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 40837239

  • Date on Market: 6/8/2026

  • Last Updated:

  • Address: 33 E Market St, Lewistown, PA 17044

The Retail Property at 33 E Market St, Lewistown, PA 17044 is currently available for Sale. Contact SRS Real Estate Partners for more information.

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Contact the Sale Advisor

CVS | 18+yrs Remain Corp Abs NNN | 33 E Market St

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