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CVS 101 Easton Rd 12,900 SF Retail Building Horsham Township, PA 19044 $6,421,023 CAD ($497.75 CAD/SF) 5.75% Cap Rate
Investment Highlights
- 17+ years remaining on corporately guaranteed NNN ground lease with 10% rent increases every five years.
- Investment-grade tenant CVS Health Corporation with 9,000+ locations nationwide.
- Located along the dense Route 611 retail corridor with major national retailers.
- Signalized corner location in Horsham, Pennsylvania with 66,775 VPD and strong visibility.
- Less than 0.5 miles from the Pennsylvania Turnpike (I-276) interchange (100,000+ VPD).
- Strong demographics and employment base near Pennsylvania Business Campus and Jefferson Health – Willow Grove.
Executive Summary
CVS operates on a long-term NNN ground lease with more than 17 years remaining on the 25-year base term, six five-year renewal options, and 10 percent rental increases in each option period. The lease structure provides a completely passive ownership structure, with the tenant responsible for all operating expenses (taxes, insurance, CAM) and all on site management of the real estate.
The property is situated on a 1.875-acre parcel within a larger 8.169-acre retail site also occupied by Wawa and P.J. Whelihan’s, along with two additional improved and fully approved “shovel-ready” pad sites that provide future development upside benefitting the overall site. The strong co-tenancy and irreplaceable location vastly enhance the long-term durability of the real estate.
CVS Health Corporation is one of the largest healthcare and retail pharmacy companies in the United States, operating more than 9,000 locations nationwide. The company reported approximately $402.1 billion in revenue in 2025 and maintains an investment-grade credit rating of BBB from S&P, providing strong corporate backing and long-term stability for investors.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 12,900 SF
- -
- Triple Net
- Jan 2044
CVS Health construit un monde de santé autour de chaque consommateur. Leur portée inégalée leur permet d'offrir des soins de santé abordables et de haute qualité au moment et de la manière dont les individus le souhaitent. Ils ont pour mission d'offrir des expériences supérieures et plus connectées, de réduire le coût des soins et d'améliorer la santé et le bien-être des personnes qu'ils servent. En tant que chef de file dans le domaine des solutions de santé, elle offre de multiples canaux d'accès aux soins de santé à l'échelle locale et nationale. Leur forte présence communautaire, leur approche avant-garDISTE et leur engagement inégalé auprès de millions de personnes leur permettent de fournir des soins de santé de haute qualité, personnalisés et abordables. Guidé par son objectif, CVS Health® construit un monde entier de soins de santé autour de chaque personne qu'elle sert, peu importe où elle se trouve dans son parcours. Ils écoutent, font preuve d'empathie et offrent des solutions novatrices qui répondent aux besoins uniques des gens et gagnent leur fidélité. Parce que la façon dont ils fournissent leurs services est tout aussi importante que ce qu'ils fournissent.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 12,900 SF | - | Triple Net | Jan 2044 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 36-00-00901-008 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,437,601 CAD |
Property Taxes
Presented by
CVS | 101 Easton Rd
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