Wednesday, March 30, 2011

Triple Net-Leased CVS Sells for $3.5M

"Brierwood Company sold the fully occupied, triple net-leased retail building located at 8525-8545 Frankford Ave. in Philadelphia to Goodman Properties for $3,525,000, or about $348 per square foot.

The single-story, 10,125-square-foot retail building is fully occupied by CVS Pharmacy. CVS has over nine years left on the lease term."

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