7065 Lincoln Dr 81 Philadelphia, PA 19119-2541

This exceptional investment opportunity presents a fee-simple ownership of a CVS Pharmacy located at 7065 Lincoln Dr, Philadelphia, PA 19119. The property boasts 8,232 square feet on a 0.84-acre lot, situated in a high-traffic area with over 30,000 vehicles passing daily. Built in 2003, the building is classified as Class B and is zoned CMX2 – Mixed Use, offering potential for future development. The property is currently under an absolute NNN lease with a corporate guarantee from CVS Pharmacy, significantly reducing landlord responsibilities. The lease, with a remaining term of 8.2 years, extends to January 31, 2033, and includes an early renewal option exercised by the tenant, demonstrating strong performance and commitment to the location. The property's Net Operating Income (NOI) is $345,272, resulting in a 6.85% cap rate. The asking price is $5,040,467, translating to a price per square foot of $612.30. The property benefits from its proximity to the affluent Chestnut Hills neighborhood, boasting an average household income of $155,900. This combination of a strong tenant, long-term lease, and desirable location makes this a compelling investment opportunity in the Philadelphia market. The property's strategic location and zoning provide significant long-term value-add potential.