335 Lancaster AveMalvern, PA 19355

Property Details for 335 Lancaster Ave

Year built

2008

Lot size

3.71 AC

Property size (Sq ft)

15,497 SF

Zone code

C3

Property type

Office properties

Property subtype

Other office properties

APN

4204 008701A0

APU

4204008701A0

Description

This exceptional investment opportunity presents a fee-simple ownership of a CVS Pharmacy located at 335 Lancaster Ave, Frazer, PA 19355, in Chester County. The property boasts a 12,900 square foot building situated on a 1.94-acre lot. The property is subject to a 25-year absolute triple-net (NNN) lease with CVS Pharmacy, commencing January 31, 2009, and expiring January 31, 2034. With approximately 9.2 years remaining on the lease term, this investment offers significant long-term stability. The current annual net operating income (NOI) is $548,667, representing a 7.00% capitalization rate. The lease is backed by a corporate guarantee from CVS, providing strong creditworthiness. The property benefits from excellent visibility and accessibility from Lancaster Avenue, serving a densely populated area with high average household incomes. Within a 10-mile radius, there are approximately 390,600 residents with an average household income exceeding $145,500. The property includes a drive-thru pharmacy for added convenience. The asking price is $7,838,100, translating to a price per square foot of $607.60. This single-story building presents a compelling investment opportunity due to its strong tenant, long-term lease, and prime location less than 28 miles from Philadelphia.

• CAP approach

  CAP return

  Valuation

  6%

  $4,276,165

  6.5%

  $3,947,230

  7%

  $3,665,284

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,126,043

  Geo Method

  $2,024,838

• Alternative Use

  Use

  Valuation

  Residential

  $4,894,564

  Hospitality

  $4,483,394

  Educational

  $3,730,132

  Medical

  $3,858,417

  Retail

  $5,802,427

Location Insight

City

Malvern

County

Chester

State

Pennsylvania

Latitude

40.0396

Longitude

-75.5513

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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