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Property profile

3016 Pa-940 Mount Pocono, PA 18344

OFF-MARKET
Retail properties & Spaces
13,377 SF 2.99 ac lot Built 2011
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 2011
Total area 13,377 SF
Lot 2.99 ac (130,244 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3016 Pa-940 Mount Pocono, PA 18344
Mount Pocono metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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