For Sale
$4,923,000

3016 Pa-940 Mount Pocono, PA 18344

NNN Leased Retail Property, PA

Overview

Added:
Dec 11, 2024
Days on market:
138
This fee-simple investment offers a 13,377 square foot CVS Pharmacy in Mount Pocono, PA, on a 2.99-acre lot. The property boasts a drive-thru, absolute NNN lease with approximately 12.2 years remaining and 10 (5-year) options. Built in 2011, this single-tenant retail building enjoys 100% occupancy and generates a strong NOI of $363,790, representing a 7.39% cap rate. The asking price is $4,923,000 ($368.02/sq ft). Located at the signalized intersection of PA-940 and Commerce Street, the property benefits from high traffic counts (over 17,000 vehicles daily) and proximity to major roadways like Interstate 380. The site is strategically positioned within a dense retail corridor, near a community center anchored by Weis Markets, Harbor Freight, and other national retailers. The 5-mile trade area boasts strong demographics, including over 24,000 residents and 17,000 daytime employees with an average household income exceeding $92,000. The property's zoning is C-3 - Commercial Village District, and it includes 66 parking spaces. This is a management-free investment opportunity with an investment-grade tenant and limited competition within the immediate area. The property's location and strong tenant history make it an attractive investment. The APN is 03.5A.1.2.

Highlights

  • 13 Years Remaining on Lease Term with Investment-Grade Tenant (S&P: BBB)
  • Absolute NNN Lease; Fee Simple Ownership; No Landlord Responsibilities
  • High-Traffic Retail Corridor; Signalized Corner Lot
  • Low Competition; Large 2.99-Acre Site; Top 74th Percentile Placer.ai Ranking
  • Strong Demographics within a 5-Mile Radius

Property Details for 3016 Pa-940

Property type
Retail properties, Drug stores
Square Feet
13,377 SF
Year Built
2011
Lot Size (sq. ft)
130,244 SF

Location Insight

City
Mount Pocono
County
Monroe
State
Pennsylvania
Latitude
41.1174289
Longitude
-75.3802244

FAQs

What type of property is this?
Retail property - NNN Leased Retail Property, PA
Where is the retail property located?
The property is located at 3016 Pa-940 Mount Pocono, PA.
What is the asking price?
The asking price for this property is $4,923,000.
What are key features of this property?
This property features: 13 Years Remaining on Lease Term with Investment-Grade Tenant (S&P: BBB); Absolute NNN Lease; Fee Simple Ownership; No Landlord Responsibilities; High-Traffic Retail Corridor; Signalized Corner Lot
How can I contact the broker?
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3016 Pa-940
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