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29390754
29390755

202 4th St, Honesdale, PA 18431

CP
TX 601565
JLL - Dallas | Cedar Springs, Texas
SJ
TX 847636
JLL - Dallas | Cedar Springs, Texas
BH
IN RB25001925
JLL - Dallas | Cedar Springs, Texas
Listed by JLL - Dallas | Cedar Springs, Texas
$4,403,000
129 days on market
Updated 63 days ago

CVS Pharmacy

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 13,262
Cap Rate 7%
NOI $308,227
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Term 25.2
Lease Expiration 01/31/2039
Remaining Term 12.7
Year Built 2013
Acreage 1.790
Lease Commencement 12/03/2013

Retail | 7.00% CAP | 13,262 SqFt

Marketing description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire CVS Pharmacy located at 202 4th Street, Honesdale, PA 18431 (the “Property” or “Asset”). The tenant operates under an absolute NNN lease with approximately 12.8 years of primary term remaining, and two, five-year renewal options with zero management responsibility.

CVS is strategically positioned in a prime downtown Honesdale, PA location at the highly visible hard corner, signalized intersection of Interstate-6 and Sunrise Avenue, a critical traffic confluence that attracts a combined 23,000 vehicles per day. This exceptional positioning places the pharmacy at the epicenter of the community's daily traffic patterns, ensuring maximum visibility and accessibility for both local residents and commuters passing through this key arterial intersection.

This regional CVS location benefits from limited competition, with the closest CVS store located 8 miles to the south and 16 miles to the west, generating a large trade area for the store and contributing a strong store traffic, ranking in the top 32% per placer.ai.

This offering presents investors with an exceptional opportunity to acquire an asset providing secure, long-term cash flow, backed by a leading national retailer.

Investment highlights

  • Investment grade tenancy (S&P: BBB) with stable outlook

  • Absolute NNN with zero landlord responsibilities

  • 12.8 years of primary lease term remaining

  • Ranks in the top 30% of CVS locations in the state and nationwide

  • Prime visibility to 22K+ VPD and connectivity to Interstate-2

  • CVS Corporation guarantor of the lease

  • Site a large 1.79 acre parcel of land

Listing Contacts

CP
TX 601565
JLL - Dallas | Cedar Springs, Texas
SJ
TX 847636
JLL - Dallas | Cedar Springs, Texas
BH
IN RB25001925
JLL - Dallas | Cedar Springs, Texas
Listed by JLL - Dallas | Cedar Springs, Texas

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$308,227.00
$25,685.58/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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