CVS For Sale
Retail | 5.02% CAP | 10,125 SqFt
Marketing description
The retail building is 10,125 +/- sf on .81+/- AC of land. The building was built in 1999 and renovated in 2017. There are 52+ parking spaces on the CVS parcel with additional parking with the Borough of Chambersburg parking lease. The site is located just off Interstate-395. CVS only national Drug Store in town! Chambersburg is a borough and the county seat of Franklin County Pennsylvania. According to the Pennsylvania Department of Community and Economic Development, Chambersburg Borough is the 13th largest municipality in Pennsylvania and the largest Borough as measured by fiscal size as of 2016. The subject property is parallel to both Lincoln Highway and W Loudon Street, attracting a large number of vehicles a day. The property benefits from a well-positioned location in an extremely dense retail corridor consisting of national and local tenants. Additionally, the site is located in front of a massive medical redevelopment project. Keystone Health aims to open in 2025. The project includes senior housing, retail center, improved rail trail, town homes, starter homes, and a park along with Keystone Health site. Surrounding businesses include Big Lots, Family Dollar, Dominos, Rite Aid, Travelodge, Hardees, Taco Bell, Advance Auto Parts , McDonalds, Burger King, Days Inn, Sleep Inn, Dicks, Petco, TJ Maxx, Popeyes, KFC, Kohls, Target, Chipotle, Subway, Staples, Starbucks, Giant, Jersey Mikes, Best Western, LaQuinta Inn & Suites, Tru by Hilton, and more! CVS
Brian Brockman- Broker License #RM423816 Bang Realty-Pennsylvania Inc. [email protected] 513-898-1551
Investment highlights
Subject property is located at 125 W Washington St in Chambersburg, PA. The site is a CVS retail building and has operated at the site since 1999. CVS has a NN lease, Landlord is responsible for the roof and structure. *Seller replaced the roof in December 2025! There are 6 years left on the current term. CVS has (2) 5 year renewal options. Each renewal option has 7.5% rent escalations! The property also comes with a parking lot lease with the Borough of Chambersburg, which rent ($770.18) is deducted from the CVS rent for a NOI of $167,420. The parking lot lease expires 3/24/2029. **Seller agrees to pledge $13,250 to bring the NOI up to $180,670. Assumable first mortgage fixed rate at 4% , amortized over 25 years with 10 year balloon payment in 2034. There are 9 years remaining on the term with a current mortgage balance of $1,364,510.49. Loan is non-recourse.
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