This CVS/pharmacy is located in the northern Suburbs of Philadelphia in Bucks County, one of the seven counties that make up the Philadelphia Metropolitan Statistical Area (MSA). The market has a mature suburban feel and is well populated with an upper income population averaging $90,000 (which is far above the MSA average near $60,000.) CVS sought out this location that was synergistic with the other neighborhood retail surrounding (namely, Centre Square anchored by Giant), and benefits from the base of elderly customers living in the area. The Anne

Marcus & Millichap is pleased to exclusively offer for sale this CVS/pharmacy location in Warminster, Pennsylvania, an

inner ring suburb of Philadelphia. This location was constructed in 2010 and CVS entered into a new 25 year NNN

lease. This store is ideal for the 1031 buyer as it has 24 years remaining on the base lease term, and boasts five-year

option periods with rental increases. CVS/Caremark Corporation, the guarantor of the lease, boasts an investment grade credit rating of BBB+. When combined with the strength of the real estate in question, it is almost inevitable that the tenant will do very well in this location. While sales are not reported, discussions with management at the store indicate that this location is