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Retail Property with Drive-Thru Pharmacy

734 E Washington St New Castle, PA 16101

734 E Washington St, New Castle, PA, 16101
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Retail property featuring a drive-thru pharmacy and long-term lease.

Property Size10,125 SF
Price / SF$321.56
AddedMay 26
Days on Market51
Last RefreshMay 27 at 7:43 am

Property Features for 734 E Washington St

General Information

Standard status
Active
Size
10,125 SF
Property subtype
RETAIL

Listing office Northmarq | New York

Listing date May 26, 2026

Source Moodyscre

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 Northmarq | New York


Investment Insights

Based on property information with market context.

This retail property, encompassing 10,125 square feet, features a drive-thru pharmacy. The property benefits from a net lease expense structure and a long remaining lease term. It is positioned as an established regional hub with a longstanding history and recent renewal. The tenant is considered investment grade credit.

Key Highlights

  • Investment grade credit tenant makes this a secure investment.
  • Long remaining lease term ensures stable income for years to come.
  • Longstanding history and recent renewal demonstrate tenant commitment.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $142.2k $14.04
− Vacancy −$9.7k −$0.95
EGI $132.5k $13.09
− OpEx −$33.1k −$3.27
NOI $99.4k $9.81
10,125 SF · lease $14.04/SF/yr · vacancy 6.80% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.42M
$1.24M – $1.66M (±1% cap)
NOI $99,366 @ 7.0% cap · market cap 3.05%
Second Best
Retail
$1.20M
$1.05M – $1.40M (±1% cap)
NOI $84,200 @ 7.0% cap · market cap 2.59%
Theoretical Best
Warehouse
$12.30M
$10.76M – $14.35M (±1% cap)
NOI $860,851 @ 7.0% cap · market cap 26.44%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

CVS Photo (Bike/Boat/Book/etc) Store CDReload Instant Bitcoin Crypto Atm CVS Pharmacy CVS Pharmacy Pharmacy MoneyGram Bank

Suggested Use

Dental Office Real Estate Agency Cafe & Coffee Shop Furniture & Home Goods Parking Lot & Garage (Bike/Boat/Book/etc) Store Daycare Center Skin Care Clinic HVAC Service (Bike/Boat/Book/etc) Store

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

Similar Off Market Nearby

  • Medical Arts Center Pharmacy — 1000 S Mercer St # 102, New Castle, PA 16101
  • Michael V. Fornataro, RPH — 708 E Washington St, New Castle, PA 16101
  • CVS — 734 E Washington St, New Castle, PA 16101
  • New Castle Pharmacy — 1112 S Mill St, New Castle, PA 16101
  • CVS Pharmacy — 734 E Washington St, New Castle, PA 16101

FAQs

What type of property is this?
Drug store - Retail property featuring a drive-thru pharmacy and long-term lease.
Where is this drug store located?
The property is located at 734 E Washington St New Castle, PA.
What is the asking price?
The asking price for this property is $3,255,800.
What are key features of this property?
This property features: Investment grade credit tenant makes this a secure investment.; Long remaining lease term ensures stable income for years to come.; Longstanding history and recent renewal demonstrate tenant commitment.
Contact an agent
(646) 778-5560 Call to check price and availability
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