Cumberland County

MECHANICSBURG, PA

13,225 SF
121 Gettysburg Pike

Mechanicsburg, PA  17055
(Upper Allen Twp)

FOR SALE
$5,290,000.00
7.00% CAP RATE
 Currently in 3rd Year of a 25 Year Lease N.O.I. of $363,687.50

 
 717-569-9373 x 915
Donna Deerin Ward

TENANT PROFILE

  
Tenant DBA

CVS/pharmacy
Tenant Legal Name

Massachusetts CVS, LLC
Guarantor

CVS/Caremark Corporation
Ticker Symbol NYSE:

CVS
Credit Rating

BBB+ (outlook = Stable)
Number of Stores

7,314 +/-
Company Website

www.cvs.com
Business Summary

Health and beauty aids store
Financial

2010 Sales: $96,413 million

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Rent Schedule

Investment Overview
 

Location


 

CVS is America’s largest pharmacy retailer, filling more prescriptions than any other pharmacy chain in the United States. CVS was founded in 1963 in Lowell, Massachusetts and today operates over 7,314 stores in 44 states after an acquisition of 700 stores from Albertsons in 2006. This national market dominance was partially realized through the 2004 acquisition of the Eckerd drugstores located primarily in the higher growth Sunbelt markets of Florida and Texas. In October 2008, CVS acquired Longs Drug Stores, which included 541 retail stores. CVS is the #1 provider of prescriptions in the nation - more than a 1 billion prescriptions filled or managed annually.

 

LMS Commercial Real Estate                         717-569-9373 (LMS)
120 North Pointe Blvd.                                717-569-6439 (PMA)
Suite 301                                                   717-560-9909 (FAX)
Lancaster, PA  17601                                   www.LMS-PMA.com
 

PA RB-050097-C               MD 512469              DE R2-0002706
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