SOLD! CVS Pharmacy

Equity CRE represented the seller in the sale of the CVS in Pennsburg, PA.

This property is leased to CVS Pharmacy, a highly reputable, investment-grade tenant with a BBB S&P rating. The lease has over 6 years remaining and features absolute net terms, ensuring zero landlord responsibilities.

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 11,000 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.

• Corporate Guaranty: The lease is backed by CVS Health’s corporate entity, the only investment grade pharmacy. (BBB rating from Standard and Poor’s)
• Strategic Location: The property’s position on Pottstown Avenue, a major thoroughfare in Pennsburg, enhances its visibility and accessibility.
• Limited Competition: This is the only major retail drug store within a 7.5 mile radius and benefits from limited competition in the surrounding area.
• Strong Demographics: CVS Pharmacy benefits from the strong demographics surrounding this location, with 32,948 people within 5 miles of the site and an average HHI of $125,665.