335 Lancaster Ave 1 Malvern, PA 19355-1835

This exceptional investment opportunity presents a fee-simple ownership of a CVS Pharmacy located at 335 Lancaster Ave, Frazer, PA 19355, in Chester County. The property boasts a 12,900 square foot building situated on a 1.94-acre lot. The property is subject to a 25-year absolute triple-net (NNN) lease with CVS Pharmacy, commencing January 31, 2009, and expiring January 31, 2034. With approximately 9.2 years remaining on the lease term, this investment offers significant long-term stability. The current annual net operating income (NOI) is $548,667, representing a 7.00% capitalization rate. The lease is backed by a corporate guarantee from CVS, providing strong creditworthiness. The property benefits from excellent visibility and accessibility from Lancaster Avenue, serving a densely populated area with high average household incomes. Within a 10-mile radius, there are approximately 390,600 residents with an average household income exceeding $145,500. The property includes a drive-thru pharmacy for added convenience. The asking price is $7,838,100, translating to a price per square foot of $607.60. This single-story building presents a compelling investment opportunity due to its strong tenant, long-term lease, and prime location less than 28 miles from Philadelphia.