3016 Pa-940 Mount Pocono, PA 18344
- Retail properties
- 13,377 SF
- 2.99 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3016 Pa-940
- Year built
- 2011
- Lot size
- 2.99 lot acres
- Property size
- 13,377 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Pocono
- County
- Monroe
- State
- Pennsylvania
- Longitude
- -75.3802
- Latitude
- 41.1174
