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101 Easton Rd
Horsham Township, PA 19044 Horsham/Willow Grove

$4,695,000 USD

Drugstore For Sale  •  10,000 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 12,900 SF
  • Lot Size 1.87 AC
  • Building Class A
  • Year Built 2018
  • Cap Rate 5.75 %
  • Tenancy Single
  • Zoning I1
0 Transit Score
35 Walk Score

Highlights

17+ years remaining on corporately guaranteed NNN ground lease with 10% rent increases every five years.
Signalized corner location in Horsham, Pennsylvania with 66,775 VPD and strong visibility.
Investment-grade tenant CVS Health Corporation with 9,000+ locations nationwide.
Less than 0.5 miles from the Pennsylvania Turnpike (I-276) interchange (100,000+ VPD).
Located along the dense Route 611 retail corridor with major national retailers.
Strong demographics and employment base near Pennsylvania Business Campus and Jefferson Health – Willow Grove.
Cap Rate: 5.75 %

Major Tenants

Tenant SF Occupied Lease End Date
CVS Pharmacy 12,900 SF 1/31/2044

Public Transportation

Commuter RailDriveWalkDistance
Hatboro (R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 6 min - 2.2 mi
Willow Grove (R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 6 min - 2.3 mi
AirportDriveWalkDistance
Trenton Mercer 38 min - 26.4 mi
Philadelphia International 52 min - 36.7 mi
Matthew Gorman 215-603-6914 CBRE, Inc.
Matthew Gorman 215-603-6914 CBRE, Inc.