CVS | Pennsburg, PA

Equity CRE is pleased to present a CVS Pharmacy property in Pennsburg, PA, available for sale to qualified investors. This offering includes a recently extended 10-year absolute NNN lease with nine 5-year renewal options, each featuring a rental increase. The lease is backed by a corporate guaranty from CVS Health Corporation, an investment-grade tenant with a BBB S&P rating, ensuring stable lease payments and long-term security for property owners.
Situated in Pennsburg, PA—just 40 miles from Philadelphia and 23 miles from Allentown—the property benefits from convenient access to major highways. Positioned on Pottstown Avenue, which sees approximately 12,171 vehicles per day, the site is surrounded by a strong mix of national retailers, including Weis Markets, McDonald’s, and Burger King, enhancing its appeal.

Dominant Retail Pharmacy: CVS has a market capitalization of $80 billion—8X that of Walgreens—solidifying its position as the dominant brand in the pharmacy industry. As both an organization and a net lease tenant, CVS outperforms its competitors, offering unparalleled stability and credit strength.
Newly Extended Lease: CVS Pharmacy recently signed a brand-new 10-year Absolute NNN lease at this location, demonstrating their commitment. The lease includes zero landlord responsibilities and nine 5-year renewal options.
Limited Competition: This CVS is the only major retail drug store within a 7.5 mile radius, benefiting from limited competition in the surrounding area.
Corporate Guaranty: The lease is backed by CVS Health’s corporate entity, the only investment grade pharmacy (BBB rating from Standard and Poor’s).
Strong Demographics: CVS Pharmacy benefits from the strong demographics surrounding this location, with 32,990 people within 5-miles of the site and an average HHI of $127,394.