101 Easton Rd, Suite B, Horsham, PA 19044

Long-Term (17+YRS.) Absolute-Net Lease with Rare 10% Option Rental Increases

The subject property is leased to CVS, Inc. on a corporately guaranteed NNN ground lease, with the tenant responsible for all operating expenses and management of the property, creating a completely passive ownership structure. The lease has more than 17 years remaining on the initial 25-year term, includes six five-year renewal options, and features 10 percent rental increases every five years throughout each option period.

High-Profile Signalized Corner

CVS is located at the signalized intersection of Easton Road and Blair Mill Road in Horsham, Pennsylvania, a heavily trafficked retail corridor with combined traffic counts of 66,775 vehicles per day. CVS is situated on a 1.875-acre parcel within a larger 8.169-acre site also occupied by Wawa and P.J. Whelihan’s, along with two additional improved and approved “shovel-ready” pad sites for development. The overall site benefits from exceptional visibility along Easton Road, multiple points of access, and a true “main and main” location within an established retail corridor.

Investment Grade Credit

CVS Health Corporation is one of the largest publicly traded healthcare companies in the United States and is an S&P-rated, investment-grade credit tenant providing strong credit backing and long-term stability. The company operates more than 9,000 pharmacy locations nationwide and continues to expand its integrated healthcare platform, making CVS one of the most sought-after tenants in the net lease sector.

Regional Accessibility

The subject property is less than 0.5 mile from the interchange of Easton Road (Route 611) and the Pennsylvania Turnpike (I-276), which carries over 100,000 vehicles daily. This irreplaceable location adjacent to the turnpike interchange provides convenient access for both local and regional traffic throughout Montgomery County and the greater Philadelphia area.

Established Rte. 611 Retail Corridor

Route 611, one of the most heavily traveled corridors in eastern Pennsylvania, features a dense concentration of national retailers, restaurants, and hotels, including Walmart, Sam’s Club, Giant, Lowe’s, Home Depot, Best Buy, AutoZone, McDonald’s, Wendy’s, Dunkin’, Sunoco, Verizon, and multiple Hilton and Marriott-branded hotels.

Exceptional Demographics

Horsham is located in Montgomery County, immediately outside of Philadelphia, one of Pennsylvania’s wealthiest counties. Within a five-mile radius, the trade area includes 209,978 residents with average household incomes exceeding $148,000 and positive population growth.

Employment and Daytime Population Drivers

The property sits at the entrance to the Pennsylvania Business Campus, a major office hub with several million square feet of space occupied by national employers. Jefferson Health – Willow Grove is also located less than one mile away, contributing to a five-mile daytime population of 223,506.