Net-Leased CVS Drug
For Sale
Contact for pricing
518 Port Royal Ave, Philadelphia, PA 19128
Corporately guaranteed CVS at a signalized intersection with a recently extended net lease.
Property SizeContact for details
Days on Market122
Property Features for 518 Port Royal Ave
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
Marc Mandel · License #NJ
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 3:10AM
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 Forged Real Estate
Investment Insights
Based on property information with market context.
CBRE presents for sale a corporately guaranteed CVS drug store property featuring a net lease structure with minimal landlord responsibilities or expenses. CVS has operated at the location since 1999 and recently signed a 20-year lease extension. The renewal options include a first renewal with a 6% rental increase and a second renewal with a 6.5% rental increase.
The property is situated at the signalized intersection of Henry Avenue and Port Royal Avenue in Philadelphia’s Roxborough section. It is located across from the Andorra Shopping Center, anchored by Kohl’s and LA Fitness, with additional tenants including ACME, Dollar Tree, McDonald’s, Applebee’s, Petco, and TD Bank.
The surrounding trade area is described as densely populated and affluent, with 11,372 people and AHI over $90,000 within a 1-mile ring, 39,360 people and AHI over $113,000 within a 3-mile ring, and 157,642 people and AHI over $95,000 within a 5-mile ring.
The property is situated at the signalized intersection of Henry Avenue and Port Royal Avenue in Philadelphia’s Roxborough section. It is located across from the Andorra Shopping Center, anchored by Kohl’s and LA Fitness, with additional tenants including ACME, Dollar Tree, McDonald’s, Applebee’s, Petco, and TD Bank.
The surrounding trade area is described as densely populated and affluent, with 11,372 people and AHI over $90,000 within a 1-mile ring, 39,360 people and AHI over $113,000 within a 3-mile ring, and 157,642 people and AHI over $95,000 within a 5-mile ring.
Key Highlights
- CVS net lease with minimal landlord responsibilities or expenses; corporately guaranteed
- CVS operating at the location since 1999 with a recently signed 20‑year lease extension
- Two lease renewal options: 6% rental increase or 6.5% rental increase
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Similar Off Market Nearby
- GNC — 8500 Henry Ave STE 4, Philadelphia, PA 19128
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- Hopkins Pharmacy — 7700 Ridge Ave, Philadelphia, PA 19128
- CVS Pharmacy — 518 Port Royal Ave, Philadelphia, PA 19128, United States
- Christen Kamin — 518 Port Royal Ave, Philadelphia, PA 191282144
Frequently Asked Questions
What type of property is this?
Drug store - Corporately guaranteed CVS at a signalized intersection with a recently extended net lease.
Where is this drug store located?
The property is located at 518 Port Royal Ave Philadelphia, PA.
What are key features of this property?
This property features: CVS net lease with minimal landlord responsibilities or expenses; corporately guaranteed; CVS operating at the location since 1999 with a recently signed 20‑year lease extension; Two lease renewal options: 6% rental increase or 6.5% rental increase
