Share This Listing

Message

944 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

CVS Pharmacy 734 E Washington St 10,125 SF Retail Building New Castle, PA 16101 $3,333,333 ($329.22/SF) 6.30% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Investment Grade Credit Tenant
  • Low Rent-to-Sales Ratio
  • Long Remaining Lease Term
  • Longstanding History and Recent Renewal
  • Established Regional Hub

EXECUTIVE SUMMARY

The Property is 100% occupied by CVS Health Corporation and is subject to a NN lease with limited landlord responsibilities. There are 9 years remaining on the base lease term with 4, 5-year renewal option periods and 7% rent increases at the beginning of each option period. Situated at the intersection of Taylor Street and 65th Infantry Division Memorial Hwy, the location is ideal given its visibility and ease of access. Approximately two miles from the Property is UPMC Jameson, a full-service community hospital providing comprehensive inpatient, outpatient, and emergency care. The Property features a low rent-to-sales ratio of 1.51%.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,125 SF
Building Class
C
Year Built
1999
Price
$3,333,333
Price Per SF
$329.22
Cap Rate
6.30%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.17 AC
Opportunity Zone
Yes
Zoning
R-2

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

NEARBY MAJOR RETAILERS

The YMCA
Huntington National Bank
First Commonwealth Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-128500
Land Assessment
$152,900
Improvements Assessment
$535,100
Total Assessment
$688,000
  • Listing ID: 39224142

  • Date on Market: 1/27/2026

  • Last Updated:

  • Address: 734 E Washington St, New Castle, PA 16101

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}