CVS Pharmacy - Net Lease Property for Sale
Palmyra, PA
Key Investment Metrics
Price
$4,108,046
Cap Rate
6.5%
Net Operating Income
$267,023
Building Size
11995 SF
Lot Size
11,995 SF
Land Area
1.37 Acres
Remaining Term
14.1 years
Lease Expiration
01/31/2040
Lease Term
25.1 years
Lease Commencement
01/01/2015
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
2014
Occupancy
100%
Tenancy
Single
Rent Increases
No
About This CVS Pharmacy Net Lease Property
This CVS Pharmacy NNN (triple net lease) property is located in Palmyra, PA and represents an excellent investment opportunity for commercial real estate investors. The property features 11995 square feet of building space and was built in 2014.
With a cap rate of 6.5%, this CVS Pharmacy net lease property offers stable income potential. The asking price is $4,108,046, making it an attractive option for 1031 exchange investors seeking quality CVS Pharmacy commercial properties.
Why Invest in CVS Pharmacy NNN Properties?
- Stable Income: CVS Pharmacy net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: CVS Pharmacy is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Palmyra, PA Market Overview
Located in Palmyra, PA, this CVS Pharmacy property benefits from strong local demographics and market fundamentals. The Palmyra area offers excellent visibility and accessibility, making it an ideal location for CVS Pharmacy operations and a solid investment for net lease property buyers.