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    125 W Washington St Chambersburg, PA 17201

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    For Sale
    $2,319,475

    CVS property with long-term lease and rent increases.

    Property size:
    10,125 SF
    Lot size:
    0.81 Acres

    Property Features for 125 W Washington St

    General Information

    Size
    10,125 SF
    Lot size
    0.81 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

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

    Overview

    Established CVS with Long-Term Lease

    This property has been occupied by CVS since 1999. The tenant signed a 15-year lease extension in 2017. The lease includes rent increases every five years of 7.50%, with the next increase scheduled for 2027. The lease is corporately guaranteed by CVS Corporation (NYSE: CVS), which holds an S&P rating of BBB+. The property is situated in front of a large medical redevelopment. The property contains 10125 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    CVS Photo Passport Photo Processor LibertyX Bitcoin ATM Atm Redbox Movie Rental Kiosk Buy Bitcoin Crypto Atm CVS Drug Store

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    CVS, Chambers' Apothecary, CVS Pharmacy, Garrett Sipes, Milk Bath

    Location Insight

    • Map
    • Local Demand
    City
    Chambersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.6613123
    Latitude
    39.9343669

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    FAQs

    What type of property is this?
    Drug store - CVS property with long-term lease and rent increases.
    Where is this drug store located?
    The property is located at 125 W Washington St Chambersburg, PA.
    What is the asking price?
    The asking price for this property is $2,319,475.
    What are key features of this property?
    This property features: - Long-term 15-year lease extension signed in 2017, providing stable income.; - Corporate guarantee from CVS Corporation (NYSE: CVS), S&P: BBB+.; - Rare low rent site with 7.50% rent increases every five years.
    (332) 345-2408
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    Chambersburg, PA 17201
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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
    125 W Washington St Chambersburg, PA 17201
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