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    3016 Route 940 Pocono Summit, PA 18346

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    For Sale
    $4,851,000

    NNN leased CVS Pharmacy with drive-thru and extension options.

    Property size:
    13,377 SF
    Lot size:
    3.31 Acres

    Property Features for 3016 Route 940

    General Information

    Size
    13,377 SF
    Lot size
    3.31 Acres

    Source: SRS Real Estate Partners | McLean Agent Andrew Fallon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Drive-Thru CVS Pharmacy Investment

    This property features a drive-thru equipped CVS Pharmacy located in Mount Pocono, Pennsylvania. The tenant operates under an absolute NNN lease with approximately 13 years remaining, along with 10 (5-year) options to extend. The lease structure requires zero landlord responsibilities. CVS Pharmacy is a leading retail pharmacy with nearly 10,000 locations. The site ranks in the top 74th percentile of CVS sites located in all of Pennsylvania, per Placer.ai. The property contains 13,377 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

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    Location Insight

    • Map
    • Local Demand
    City
    Pocono Summit
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.410196
    Latitude
    41.110986

    Nearby Similar for Sale

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      2642 Route 940, Pocono Summit, PA 18346
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    • $2,750,000

      Pocono Summit Freestanding Building

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    FAQs

    What type of property is this?
    Drug store - NNN leased CVS Pharmacy with drive-thru and extension options.
    Where is this drug store located?
    The property is located at 3016 Route 940 Pocono Summit, PA.
    What is the asking price?
    The asking price for this property is $4,851,000.
    What are key features of this property?
    This property features: - Absolute NNN lease offers a management-free, passive investment.; - Long-term income secured with approximately 13 years remaining on the CVS Pharmacy lease, plus 10 (5-year) options to extend.; - Stable tenant: CVS Pharmacy, a leading retail pharmacy with nearly 10,000 locations nationwide.
    (202) 286-1542
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3016 Route 940 Pocono Summit, PA 18346
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