125 Washington St Chambersburg, PA 17201-2443
- Retail space
- 0.93 lot acres
Apr 25, 2025
Current Use by Public Records
- CVS Photo / Passport Photo Processor / Digital Printer
- LibertyX Bitcoin ATM / Atm
- Redbox / Movie Rental Kiosk / Dvd Store
- Buy Bitcoin / Crypto Atm
- CVS / Greeting Card Shop / Perfume Store
Property Details for 125 Washington St
- Lot size
- 0.93 lot acres
- Property type
- Retail space
- APN
- 05-1D8-2A
- APU
- 051D82A
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,125-square-foot CVS Pharmacy located at 125 W Washington St, Chambersburg, PA 17201. The property sits on a 0.81-acre lot and boasts a strong 7.00% cap rate, generating a net operating income (NOI) of $168,162. Built in 1999 and renovated in 2017, the property is subject to a triple-net (NNN) lease with CVS Pharmacy, a highly creditworthy tenant (S&P: BBB+), providing a corporate guarantee. The current lease, with a remaining term of 7.2 years, expires February 1, 2032, and includes a rent increase provision of 7.50% every five years, with the next increase scheduled for 2027. The current annual rent is significantly below market value for comparable CVS locations. The property benefits from its strategic location in front of a major medical redevelopment project. This offering provides a stable, long-term income stream with significant upside potential due to the favorable lease terms and prime location. The asking price is $2,402,314, translating to a price per square foot of $237.27. The property's 100% occupancy ensures a consistent cash flow. This is a rare opportunity to acquire a well-performing, low-rent CVS Pharmacy in a high-growth area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chambersburg
- County
- Franklin
- State
- Pennsylvania
- Longitude
- -77.6644
- Latitude
- 39.935
- CBSA code
- 16540
- CBSA name
- CHAMBERSBURG, PA MICROPOLITAN STATISTICAL AREA
