CVS - Honesdale, PA

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire CVS Pharmacy located at 202 4th Street, Honesdale, PA 18431 (the “Property” or “Asset”). The tenant operates under an absolute NNN lease with approximately 12.8 years of primary term remaining, and two, five-year renewal options with zero management responsibility.

CVS is strategically positioned in a prime downtown Honesdale, PA location at the highly visible hard corner, signalized intersection of Interstate-6 and Sunrise Avenue, a critical traffic confluence that attracts a combined 23,000 vehicles per day. This exceptional positioning places the pharmacy at the epicenter of the community's daily traffic patterns, ensuring maximum visibility and accessibility for both local residents and commuters passing through this key arterial intersection.

This regional CVS location benefits from limited competition, with the closest CVS store located 8 miles to the south and 16 miles to the west, generating a large trade area for the store and contributing a strong store traffic, ranking in the top 32% per placer.ai.

This offering presents investors with an exceptional opportunity to acquire an asset providing secure, long-term cash flow, backed by a leading national retailer.