Equity Retail Brokers closes single tenant net lease sale of a CVS Pharmacy in Aston, PA

Equity Retail Brokers closes single tenant net lease sale of a CVS Pharmacy in Aston, PA

Plymouth Meeting, PA, October 30, 2020 – Equity Retail Brokers recently closed a single tenant net lease sale of a CVS Pharmacy in Aston, PA. Ed Ginn, Ken McEvoy, Ken Yanni, and Bri Barratt represented the Seller in the Transaction. The Purchaser is based locally in the Philadelphia area.

The Subject Property is an existing CVS Pharmacy retail store with a long operating commitment to the site. The Property benefits from the building’s position in the market and its location on Pennell Road, the main retail corridor in the area.

Essential businesses are continuing to prove their durability during the COVID-19 pandemic. Since the initial marketing campaign launched, there was a strong demand for this asset by investors, both local and nation-wide. CVS Pharmacy continues to prove to be one of the most highly sought after tenants in the net lease sector.

For over 25 years, Equity Retail Brokers has been set aside from any brokerage, by having a laser focus in providing our clients with the highest price for their asset at the lowest transaction cost. While we strive to meet a client’s financial goals, we also pride ourselves on client-broker relationships that extend past the closing table.

 

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October 30, 2020