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CVS Pharmacy 717 E Main St 11,995 SF Retail Building Palmyra, PA 17078 $4,108,046 ($342.48/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease | Fully passive structure with no landlord obligations, ensuring predictable long-term income. Zero landlord responsibilities
- Essential Retail Use | Healthcare-driven demand supports consistent traffic and long-term operational resilience
- Strong Corporate Tenant | CVS provides investment-grade (S&P BBB) stability with a national footprint and steady store performance
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a CVS Pharmacy located at 717 East Main Street, Palmyra, PA 17078. The site consists of roughly 11,995 rentable square feet of building space on an estimated 1.37-acre parcel of land. CVS Pharmacy is subject to a 25-year Triple Net (NNN) lease, which commenced in January 2015.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,995 SF
Year Built
2014
Price
$4,108,046
Price Per SF
$342.48
Cap Rate
6.50%
NOI
$267,023
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.37 AC
Frontage
180’ on E Main St
AMENITIES
- Signage
- Drive Thru
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-2292798-358720-0000 | Improvements Assessment | $2,522,000 |
| Land Assessment | $948,000 | Total Assessment | $3,470,000 |
PROPERTY TAXES
Parcel Number
16-2292798-358720-0000
Land Assessment
$948,000
Improvements Assessment
$2,522,000
Total Assessment
$3,470,000
CONTACTS
-
Anthony Bird -
Richard Nardi -
Anthony D'Ambrosia -
Glen Kunofsky -
Christopher Marks -
Surmount
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CVS Pharmacy | 717 E Main St
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