Single-Drive Thru CVS
For Sale
Contact for pricing
345 Main Street, Johnson City, NY 13790
NNN-leased CVS prototype features a single drive-thru lane and brick construction in Johnson City’s retail and medical corridor.
Property SizeContact for details
Days on Market134
Property Features for 345 Main Street
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE - Philadelphia Suburban
(484) 567-2340
Listed By:
Michael Shover · License #PA RS297166
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 7:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Philadelphia Suburban
Investment Insights
Based on property information with market context.
This is a CVS Pharmacy offered on an NNN basis. The property is a 10,125-square-foot prototype constructed of all brick and includes a single drive-thru lane. CVS has operated at the location since 1997 and has extended its lease multiple times, with the most recent extension providing a term of additional 5 years.
The site is positioned directly across Main Street from UHS Medical Center, a 280-bed regional hospital. The property also benefits from visibility along N Main Street and is located immediately off Interstate 86, the main east/west corridor across Southern New York.
The lease includes rental increases of 8% every five years during each of the remaining three five-year option periods. The lease is corporately guaranteed by CVS, which is rated “BBB” by Standard & Poor’s.
The site is positioned directly across Main Street from UHS Medical Center, a 280-bed regional hospital. The property also benefits from visibility along N Main Street and is located immediately off Interstate 86, the main east/west corridor across Southern New York.
The lease includes rental increases of 8% every five years during each of the remaining three five-year option periods. The lease is corporately guaranteed by CVS, which is rated “BBB” by Standard & Poor’s.
Key Highlights
- CVS Pharmacy at 345 Main Street, Johnson City, NY, operating successfully since 1997 with lease extensions and a most recent extension for another 5 years
- NNN lease with corporately guaranteed CVS (investment grade credit rated “BBB” by Standard & Poor’s) and going‑in yield of 7.50%
- Lease includes 8% rental increases every 5 years in each of the remaining three 5‑year option periods
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,211
Businesses Nearby
117k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 80%
Shops & Services 15%
Dining 3%
Electronics 1%
Walmart
Superstores
93,960 visits/mo
0.3 miles
Dollar General
Shops & Services
5,924 visits/mo
0.2 miles
Kwik Fill
Shops & Services
5,171 visits/mo
0.2 miles
M&T Bank
Shops & Services
4,152 visits/mo
0.2 miles
Dunkin' Donuts
Dining
3,763 visits/mo
0.5 miles
Demographics for 13790, NY
18,478
Population
9,585
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
89%
High-School Grad
27.2 sq mi
ZIP Area
679
Density / Sq Mi
$54,764
Median Household Income
$37,360
Median Earnings
$985
Median Rent
$117,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Marcia A. Nyameh, PharmD — 249 Main St, Binghamton, NY 13905
- Clintwood Pharmacy, LLC — 343 Clinton St, Binghamton, NY 13905
- Nature's Design Health Food Store — 79 Glenwood Ave, Binghamton, NY 13905
- Price Chopper Pharmacy — 10 Glenwood Ave, Binghamton, NY 13905
- Michael Prokopick — 249 Main St, Binghamton, NY 13905
Frequently Asked Questions
What type of property is this?
Drug store - NNN-leased CVS prototype features a single drive-thru lane and brick construction in Johnson City’s retail and medical corridor.
Where is this drug store located?
The property is located at 345 Main Street Johnson City, NY.
What are key features of this property?
This property features: CVS Pharmacy at 345 Main Street, Johnson City, NY, operating successfully since 1997 with lease extensions and a most recent extension for another 5 years; NNN lease with corporately guaranteed CVS (investment grade credit rated “BBB” by Standard & Poor’s) and going‑in yield of 7.50%; Lease includes 8% rental increases every 5 years in each of the remaining three 5‑year option periods
