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29385521
29385522

322 Revco Rd, Somerset, PA 15501

DG
PA PA RS200446L
Lee & Associates - Western Pennsylvania
AB
PA RS312364, PA
Lee & Associates - Western Pennsylvania
Listed by Lee & Associates - Western Pennsylvania
Unpriced
129 days on market
Updated 30 days ago

Value Add Premier Warehouse Distribution Facility

Details
APN 420027270, 420031960, 420083140
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 368,594
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NNN
Lease Expiration 12/31/2027
Remaining Term 1.6
Class B
Year Built 1968, 1980, 1995, 1998/1999
Buildings 3
Stories 1
Acreage 34.392
Zoning Commercial
Investment Type Owner/User
Occupancy Date 01/01/2028
Ground Lease No
Ceiling Height 24' (Bldg A), 30' (Bldg B), 38' (Bldg C)
Loading Docks 39
Dock High Doors 39

368,594 SF | 31+ Acres - Somerset

Marketing description

Premier Warehouse Distribution Facility For Sale or Lease: 368,594 SF Building on 31+ Acres

Property Overview

The property is a mission-critical regional distribution facility fully leased to CVS Corporation. The asset benefits from long-term tenancy, functional industrial improvements, and substantial land coverage across multiple parcels.

Property

  • Property Name/Address: CVS Distribution Center | 322 Revco Road, Somerset, PA 15501

  • Property Use: Warehouse Distribution Facility

  • Current Tenant: CVS Corporation - Somerset Distribution Center (Investment-Grade Credit)

Site & Land

  • Municipality: Somerset County

  • Total Land Area: 34.392 acres

  • Parcels: 420027270, 420031960, 420083140

  • Zoning: Commercial

  • Access:

    • Located along the PA Turnpike (I-76) at the Somerset exit with easy on and off access

    • Approx. 1 hour from Pittsburgh and Altoona; 2 hours from Harrisburg and State College

  • Parking:

    • Surface parking lots striped for a total of 234 standard spaces located in front of Buildings A and B (asphalt)

    • 130 excess trailer spaces located along the eastern elevations of Buildings B and C (asphalt)

Building Description

  • Gross/Net Rentable Area: Total of 368,594 SF (three buildings)

  • Number of Floors: One-story warehouse with two-story offices

  • Construction Type: Reinforced 6” concrete slab on grade with steel framing and metal panels

  • Construction Timeline:

    • 1968: 106,000 SF

    • 1980: 102,000 SF

    • 1995: 155,000 SF

    • 1998/1999: 5,594 SF

  • Building A

    • 15 dock-high overhead doors (7’ x 8’); one (1) grade-level door (10’ x 14’)

    • Clear height: 24’

    • Electrical: 1,600 amps, 480/277V

    • Wet pipe ceiling/in-rack sprinkler system

  • Building B

    • 14 dock-high overhead doors (8’ x 8’)

    • Clear height: 30’

    • Electrical: 400 amps, 480/277V

    • Wet pipe ceiling/in-rack sprinkler system

    • 20,000± SF of the warehouse space is air-conditioned for food storage

  • Building C

    • 10 dock-high overhead doors (8’ x 8’ and 9’ x 10’); one (1) grade-level overhead door (12’ x 16’)

    • Clear height: 38’

    • Electrical: 1,600 amps, 480/277V

    • Wet-pipe ESFR sprinkler system

  • Overhead Doors/Docks: Manually operated doors/automatic dock levelers

  • Lighting: LED T5

Warehouse & Infrastructure

  • Roof System: EPDM membrane roofing and trapezoidal seam metal roof

  • HVAC: Split systems, rooftop package units, ceiling-mounted warehouse heaters, and tube heaters

  • Backup Power: Three (3) diesel-powered generators

  • Fire Protection System: The property includes a 250,000-gallon concrete water reservoir utilized as a buffer supply for the on-site fire sprinkler system. In 2024, the reservoir was fully relined and upgraded with an anti-vortex plate, enhancing operational reliability and long-term performance.

Office

  • Buildings A & B: These buildings have office areas with elevator service and men’s and women’s restrooms

Environmental

  • Phase I Environmental Site Assessment: Completed in 2025 by a third-party environmental consultant in accordance with ASTM standards. The assessment identified no Recognized Environmental Conditions (RECs).

Investment highlights

Executive Summary

322 Revco Road is fully leased to CVS Pharmacy, an investment-grade tenant, providing secure near-term cash flow through December 31, 2027. Value Add asset with below-market in-place rents, positions the asset for substantial income upside at rollover.

Further value is driven by tenant-funded capital improvements and the conveyance of 4 acres of land at lease expiration, offering enhanced control and long-term redevelopment flexibility. This offering represents a rare opportunity to acquire an institutional-quality distribution asset with durable income and a clear path to value creation.

Tenant & Lease Summary

In-place rent is materially below market, providing meaningful upside at rollover. The lease includes tenant obligations to replace a significant portion of the roof. Additionally, a 3.933 acre excess parking parcel will be conveyed to the landlord at lease expiration, enhancing site control and future optionality.

  • Tenant: CVS Pharmacy (Investment-Grade Credit)
  • Lease Expiration: December 31, 2027
  • Current Rent: $49,600/month, NNN (through September 30, 2026)
  • Rent Increase: $59,400/month, NNN (October 1, 2026 - December 31, 2027)

Listing Contacts

DG
PA PA RS200446L
Lee & Associates - Western Pennsylvania
AB
PA RS312364, PA
Lee & Associates - Western Pennsylvania
Listed by Lee & Associates - Western Pennsylvania

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Additional Information

Name
Dana Grau
License
PA RS200446L
Brokerage Phone
4125123737
Title
Principal
Brokerage Address
11 Stanwix Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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