CVS - Prickett Preserve
About This Property
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the Pennsylvania CVS Pharmacy, L.L.C (“CVS Pharmacy”) 930 Stony Hill Rd, Yardley, PA (“Property” or “Asset”). CVS has 19.5 years of lease term remaning as well as six (6), 5-year options. CVS is a part of Prickett Preserve, a 146,679 square foot, high-performing Wegmans-anchored shopping center located in Yardley, Bucks County, PA.
Recently delivered in 2023-2024, CVS at Prickett Preserve provides investors the opportunity to acquire a CVS in one of the most affluent submarkets within the Philadelphia MSA. The Property is located in an ideal suburban infill location at the interchange of I-295 (+100,000 VPD) and Route 332 (+25,000 VPD) in Lower Makefield Township with a population of +144,900 and an average household income of $166,500 within a 5-mile radius of the Property.
Investment highlights
- 19.5 years of primary lease term remaining
- National tenancy with one of the largest integrated healthcare companies operating over 9,000 retail pharmacy locations
- Pad site to Prickett Preserve, a 146,000+ SF high performing shopping center
- Infill location with visibility to 125,000+ vehicles per day
- Dense area with a population over 144,900+
- Affluent immediate area with an average household income of $144,900
- Six (6), 5-year options
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