290 Pottstown Ave Pennsburg, PA 18073-1807
- Outlet malls
- 12,870 SF
- 1.91 lot acres
Jun 11, 2025
Current Use by Public Records
- Outlet malls
Property Details for 290 Pottstown Ave
- Year built
- 2005
- Lot size
- 1.91 lot acres
- Property size
- 12,870 SF
- Zone code
- LIC
- Property type
- Outlet malls
- 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 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
- 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
