290 Pottstown Ave Pennsburg, PA 18073-1807
Property profile & analytics
290 Pottstown Ave, Pennsburg, PA 18073-1807
- Outlet malls
- 12,870 SF
- 1.91 lot acres
Property ID
US73-2656183
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Outlet malls
Property Details for 290 Pottstown Ave
- Year built
- 2005
- Lot size
- 1.91 lot acres
- Zone code
- LIC
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 15-00-01879-01-4
- APU
- 150001879014
Description
This exceptional investment opportunity presents a 12,870-square-foot CVS Pharmacy located at 290 Pottstown Avenue, Pennsburg, Pennsylvania, 18073. The property sits on a 1.91-acre lot and is a single-story building constructed in 2006. Currently operating under a Net Lease (NNN) agreement with a corporate guarantee from CVS Health, this investment boasts a strong 13.00% cap rate and a substantial net operating income (NOI) of $491,256. The lease commenced March 1st, 2006, and extends until January 31st, 2031, with ten (10) five-year renewal options. The property enjoys 100% occupancy and benefits from its strategic location on Pottstown Avenue, a major thoroughfare with approximately 11,000 vehicles passing daily. This prime location is surrounded by other national retailers, including Weis Markets, McDonald's, and Burger King. The property is zoned LIC and serves a strong demographic area with 32,948 people within a 5-mile radius and an average household income of $125,665. This is the only major retail drug store within a 7.5-mile radius, minimizing direct competition. The investment is further strengthened by the tenant's investment-grade credit rating (BBB from Standard & Poor's). This is a rare opportunity to acquire a high-performing, low-maintenance, net-leased property with a long-term, secure tenant.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,104,000
Market price range: $1.41M - $5.15M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,465,000 Current use
- AUTO REPAIR, GARAGE
- $3,805,000 Change: +10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pennsburg
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.4994
- Latitude
- 40.3949
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$39,390
$0.00
$0.00
$965,550
-
$0.00
$0.00
$965,550
