Current Use by Public Records
- Retail properties & Spaces
Property Details for 1225 3 St
- Year built
- 2019
- Lot size
- 1.46 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents the chance to acquire a leasehold interest in a thriving CVS Pharmacy located at 1225 3rd St, Fullerton, Pennsylvania, 18052. The property, built in 2019, boasts 9,707 square feet situated on a 1.46-acre lot. This single-tenant, absolute NNN net lease features a credit-rated, corporate-guaranteed tenant with a remaining lease term of 15.2 years, expiring January 31, 2040, and includes six 5-year renewal options. The ground lease also expires January 31, 2040, offering a long-term, secure investment. The property enjoys 100% occupancy and benefits from a zero cash flow structure and 100% depreciation. The asking price is $3,961,315, with an equity requirement of $632,479 (19% over debt). This investment is further enhanced by the property's location in a fast-growing region within a dense retail corridor, characterized by attractive demographics and a convenient drive-thru pharmacy. The property offers a passive investment with no landlord responsibilities. This is a truly exceptional opportunity for investors seeking a secure, high-yield, low-risk investment with significant long-term potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fullerton
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.4735
- Latitude
- 40.6424
