Matthews Logo

Navigation Menu

1833 East High Street, Pottstown, PA, 19464

CVS
$3,600,000

Key Information

Cap Rate
6.25%
$ per SF
$356
Year Built
1999/ R2025
Term Remaining
±9 YRS
Type
Retail
NOI
$225,000
Leasable Area
10,125

Highlights

  • Brand New Roof with transferable 20-year warranty – The property recently underwent a full tear-off and complete roof replacement, accompanied by a 20-year warranty, providing long-term durability, reduced capital risk, and predictable ownership costs for the next two decades.
  • Favorable Demographics – The property is supported by a strong trade area with an average household income of $126,000 and a population of 97,000 within a 5-mile radius, reinforcing tenant performance and long-term site viability.
  • High-Performing Store – Ranked in the 70th percentile of CVS stores nationwide for store visits according to Placer.ai.
  • Below-Market & Replaceable Rent – Current rent is below market, enhancing long-term durability and supporting strong residual value with excellent re-tenanting prospects.
  • Proximity to Healthcare – Situated in close proximity to local hospital and a dense concentration of medical offices, supporting sustained prescription volume and repeat customer traffic.
  • Long-Term Lease – 9 years remaining on the initial term, providing stable and predictable cash flow.
  • Corporate Guarantee – Backed by the tenant’s corporate entity, strengthening credit quality and enhancing income security.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203