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    3016 Pa-940 Mount Pocono, PA 18344

    Sponsored
    For Sale
    $4,923,000

    NNN Leased Retail Property, PA

    Property size:
    13,377 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This fee-simple investment offers a 13,377 square foot CVS Pharmacy in Mount Pocono, PA, on a 2.99-acre lot. The property boasts a drive-thru, absolute NNN lease with approximately 12.2 years remaining and 10 (5-year) options. Built in 2011, this single-tenant retail building enjoys 100% occupancy and generates a strong NOI of $363,790, representing a 7.39% cap rate. The asking price is $4,923,000 ($368.02/sq ft). Located at the signalized intersection of PA-940 and Commerce Street, the property benefits from high traffic counts (over 17,000 vehicles daily) and proximity to major roadways like Interstate 380. The site is strategically positioned within a dense retail corridor, near a community center anchored by Weis Markets, Harbor Freight, and other national retailers. The 5-mile trade area boasts strong demographics, including over 24,000 residents and 17,000 daytime employees with an average household income exceeding $92,000. The property's zoning is C-3 - Commercial Village District, and it includes 66 parking spaces. This is a management-free investment opportunity with an investment-grade tenant and limited competition within the immediate area. The property's location and strong tenant history make it an attractive investment. The APN is 03.5A.1.2.

    Property Features for 3016 Pa-940

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,377 SF
    Lot Size
    130,244 SF

    Building Details

    Year Built
    2011

    HighLights

    • 13 Years Remaining on Lease Term with Investment‑Grade Tenant (S&P: BBB)
    • Absolute NNN Lease; Fee Simple Ownership; No Landlord Responsibilities
    • High‑Traffic Retail Corridor; Signalized Corner Lot
    • Low Competition; Large 2.99‑Acre Site; Top 74th Percentile Placer.ai Ranking
    • Strong Demographics within a 5‑Mile Radius
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Map

    City
    Mount Pocono
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.3802244
    Latitude
    41.1174289

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    FAQs

    What type of property is this?
    Individual retail property - NNN Leased Retail Property, PA
    Where is this individual retail property located?
    The property is located at 3016 Pa-940 Mount Pocono, PA.
    What is the asking price?
    The asking price for this property is $4,923,000.
    What are key features of this property?
    This property features: 13 Years Remaining on Lease Term with Investment-Grade Tenant (S&P: BBB); Absolute NNN Lease; Fee Simple Ownership; No Landlord Responsibilities; High-Traffic Retail Corridor; Signalized Corner Lot
    Request Owner's contact information
    3016 Pa-940 Mount Pocono, PA 18344
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    Mount Pocono, PA 18344
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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 Pa-940 Mount Pocono, PA 18344
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