- For Sale $7,433,000
- Property Type Retail
- Property Size 11,970 SF
- Lot Size 1.77 Acre
- Cap Rate % 6.75
- Additional Rent Contact for pricing
- Date Updated Jan 15, 2025
• High Income Suburb of Philadelphia, PA: The 3-Mile population has an average household income of $135,036 per year• Dense Population: Over ±45,000 residents live within 3 miles of the property
• Oversized ±1.77 Acre Parcel
LEASE & PROPERTY DETAILS
• Property can either be acquired free and clear or with an assumable loan. The loan is interest only and matures in 2029 with a cash on cash return of 9.39%
• Long Term Lease: ±14 years of remaining lease term
• Hedge Against Inflation: Rental increases included in the option periods
• Absolute NNN Lease, Zero Landlord Responsibilities
• In 2018, CVS signed a 20-yr lease extension, showing a strong commitment to the site
• At the list price, a new owner will receive over 90% of the purchase price in guaranteed income from CVS
CVS OVERVIEW
• Investment Grade Credit Rating: BBB per S&P and Baa2 per Moody’s
• CVS Health’s Market Cap is $70 Billion
• CVS has over 9,000 stores in the United States
• Corporately Guaranteed
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
-
Walk Score ®
61/100 Somewhat Walkable -
Bike Score ®
50/100 Bikeable
- City Audubon, PA
- Neighborhood Audubon
- Zip Code 19403
- Market Philadelphia
Points of Interest
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1st Avenue & Moore Road Transportation Center
2.56 miles
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1st Avenue & American Avenue
2.80 miles
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Mall Boulevard
3.36 miles
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Allendale Road
3.65 miles
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Elm Street
4.62 miles
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Henderson Road
4.64 miles
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Norristown Transportation Center
4.70 miles
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Bridgeport
4.72 miles
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Hughes Park
5.48 miles
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County Line
7.04 miles
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Wawa
1.09 miles
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Liberty
1.22 miles
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Tesla Charging Station
1.28 miles
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J1772 Charging Station
1.28 miles
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BJ's Gas
1.35 miles
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ChargePoint
2.26 miles
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Shell
2.29 miles
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Turkey Hill
2.43 miles
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Sunoco
2.47 miles
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Blink
2.71 miles
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Audubon Loop Trail Parking
0.57 miles
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Perkiomen Trail Lower PV Park Trailhead
0.79 miles
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Perkiomen Trail Parking
0.91 miles
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Sullivan's Bridge Trail Parking
1.41 miles
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Betzwood Trailhead
1.44 miles
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Perkiomen Trail (Oaks Trailhead)
1.57 miles
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Perkiomen Trail and Schuylkill River Trail Pawlings Road Trailhead
1.59 miles
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Staff Parking Lot
1.66 miles
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Chadwicks
0.38 miles
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Dunkin'
0.96 miles
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UNO Chicago Style Pizza
1.01 miles
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Bob Evans
1.02 miles
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Oaks Italian Deli & Pizzeria
1.10 miles
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Jersey Mike's Subs
1.10 miles
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Wendy's
1.13 miles
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P. J. Whelihan's Pub + Restaurant
1.13 miles
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Tropical Smoothie Cafe
1.14 miles
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Cheeburger Cheeburger
1.15 miles
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Target
1.19 miles
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Giant
1.39 miles
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Walmart Supercenter
1.58 miles
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ALDI
1.75 miles
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Marshalls
1.81 miles
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Acme
2.39 miles
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Lidl
2.43 miles
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Super Gigante International Food Market
2.91 miles
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Wegmans
3.51 miles
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King of Prussia Mall
3.55 miles
Frequently Asked Questions
The space currently listed for sale at 2801 Egypt Rd asks for $7,433,000.
2801 Egypt Rd totals 11,970 square feet.
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