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CVS - Zieglerville, PA

1206 N Gravel Pike, Zieglerville, PA, 19492, US

CVS - Zieglerville, PA_Property for Sale

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CVS - Zieglerville, PA 2_Property for Sale

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the opportunity to acquire fee simple interest in a CVS (“The Property”) in the city Zieglerville, Pennsylvania. This Asset features an investment grade corporate guaranty from CVS Health (S&P: ‘BBB’) and is operating on a newly-extended NNN lease with 15 years remaining. The Property sits in a highly affluent neighborhood with an average household income greater than $100,000 annually. This location includes a walk-in medical clinic that offers treatment for common illnesses, chronic conditions, and telehealth visits. CVS is operating on a brand-new lease extension, a testament to the confidence CVS corporate has in the site.

Attributes

Asking Price
$7,443,000
Building area gross
13,013 sf
Occupancy
100.00%
Year built
2008
Land area Gross
1.85 acres (80,586 sf)

Investment highlights

  • Corporate guaranty from CVS (S&P: BBB / Positive Outlook) - an IG, industry leader
  • Brand new 15-year lease extension
  • Absolute NNN lease structure with zero landlord responsibilities
  • Features a HealthHUB, offering a wide range of healthcare services and expanded wellness products
  • ~$100,000 average household income within a 5-mile radius
  • Philadelphia, PA MSA
CVS - Zieglerville, PA 4_Property for Sale

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Last updated
Aug 11, 2022