125 Washington StChambersburg, PA 17201

Property Details for 125 Washington St

Lot size

0.93 AC

Property type

Retail properties

Property subtype

Retail space

APN

05-1D8-2A

APU

051D82A

Description

This exceptional investment opportunity presents a fee-simple ownership of a 10,125-square-foot CVS Pharmacy located at 125 W Washington St, Chambersburg, PA 17201. The property sits on a 0.81-acre lot and boasts a strong 7.00% cap rate, generating a net operating income (NOI) of $168,162. Built in 1999 and renovated in 2017, the property is subject to a triple-net (NNN) lease with CVS Pharmacy, a highly creditworthy tenant (S&P: BBB+), providing a corporate guarantee. The current lease, with a remaining term of 7.2 years, expires February 1, 2032, and includes a rent increase provision of 7.50% every five years, with the next increase scheduled for 2027. The current annual rent is significantly below market value for comparable CVS locations. The property benefits from its strategic location in front of a major medical redevelopment project. This offering provides a stable, long-term income stream with significant upside potential due to the favorable lease terms and prime location. The asking price is $2,402,314, translating to a price per square foot of $237.27. The property's 100% occupancy ensures a consistent cash flow. This is a rare opportunity to acquire a well-performing, low-rent CVS Pharmacy in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $12,705,625

  6.5%

  $11,728,269

  7%

  $10,890,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,426,947

  Geo Method

  $20,411,418

• Alternative Use

  Use

  Valuation

  Residential

  $9,893,234

  Hospitality

  $9,062,149

  Educational

  $7,539,602

  Medical

  $7,798,900

  Retail

  $11,728,269

Location Insight

City

Chambersburg

County

Franklin

State

Pennsylvania

Latitude

39.935

Longitude

-77.6644

CBSA code

16540

CBSA name

CHAMBERSBURG, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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