CVS - NN Lease

518 Port Royal Avenue, Philadelphia, PA 19128
Offering Memorandum

CVS – NN Lease

Free Standing Retail Building

Property Details

  • 12,150 SF Freestanding Building
  • Hard Corner Location Situated Between Two Main Thoroughfares With Over 39,000 VPD

  • CVS Recently Renewed The Lease For An Additional 20 Years Showing Their Commitment To The Location

  • Located In A Densely Populated Area With Over 2,000 Apartment Units Within A 1-Mile Radius

  • Limited Drug Store Competition Within The Immediate Trade Area

  • Strong Demographics With A 3-Mile Population of 93,972 and Median Household Income of $87,623

  • Roxborough is Philadelphia’s  4th Wealthiest Zip Code

  • Surrounding Tenants Include Acme, LA Fitness, McDonald’s, Dollar Tree, Kohl’s, and Many More

Investment Highlights

  • Price: $7,400,000

  • NOI: $370,000

  • Cap Rate:  5.0%

  • Term Remaining: 19 Years

  • Lease Type: NN

Contact

Ed Ginn

484.417.2201
eginn@equityretailbrokers.com

Shane Dolan

484.482.2544
sdolan@equityretailbrokers.com

Property Location

CVS - NN Lease

518 Port Royal Avenue,
Philadelphia, PA 19128