CVS Pharmacy
Malvern, Pennsylvania
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NNN Pro Group is pleased to present the exclusive listing for CVS Pharmacy located at 335 Lancaster Ave in Malvern, PA. The site consists of roughly 12,900 rentable square feet of building space on estimated 1.94-acre parcel of land. This CVS is subject to a 25-year absolute triple-net (NNN) lease, which commenced January 31, 2009. The current annual rent is $548,667.
About the Investment:
✓ Long-Term, 25-Year Absolute Triple Net (NNN) Lease | 9+ Years Remaining
✓ Lease Guaranteed by CVS’s Corporate Entity | Investment Grade Credit: CVS Corporate (S&P: BBB)
✓ Compelling Real Estate Fundamentals | Located Less Than 28-Miles from Philadelphia | Main Line Location | Site is Equipped with a Drive-Thru Pharmacy Pick Up
✓ Excellent Ease of Access and Visibility Off Lancaster Ave
✓ Phenomenal Demographics
✓ 3 Mile Radius | 37,200 Residents Earning $147,134 AHHI
✓ 5 Mile Radius | 90,000 Residents Earning $149,700 AHHI
✓ 10 Mile Radius | 390,600 Residents Earning $145,500 AHHI