For Sale
$3,470,000
657 Hamlin HwyLake Ariel, PA 18427
High-yield, net-leased retail property
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- Fee-simple, net-leased 8,100 SF CVS Pharmacy; 2.04-acre lot; $3,470,000 asking price ($428.40/SF).
- 7% cap rate, $243,000 NOI. Corporate-guaranteed lease with CVS (BBB rating), 2.2 years remaining, three 5-year options with 10% rent increases.
- High-visibility location at signalized intersection (10,240 VPD & 4,107 VPD).
- Strong retail environment with nearby national retailers.
- Significant redevelopment potential due to large lot size.
- Passive ownership opportunity with minimal landlord responsibilities.
Property Details for 657 Hamlin Hwy
- Property type
- Retail properties, Drug stores
- Square Feet
- 8,100 SF
- Lot Size (sq. ft)
- 88,862 SF
Location Insight
- City
- Lake Ariel
- County
- Wayne
- State
- Pennsylvania
- Latitude
- 41.403828663607
- Longitude
- -75.397194287635
657 Hamlin Hwy, Lake Ariel, Pennsylvania
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