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3100 Shillington Rd
Sinking Spring, PA 19608

$5,610,000 USD

Drugstore For Sale  •  13,225 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 13,225 SF
  • Lot Size 3.26 AC
  • Building Class B
  • Year Built 2010
  • Cap Rate 7.25 %
  • Tenancy Single
  • Zoning com
0 Transit Score
68 Walk Score

Highlights

Corp. STNL, High-Profile, Investment Grade, Publicly-Traded CVS/pharmacy (NYSE: CVS (S&P “BBB”) 11+ Years of Term Remaining (No Early Termination)
Tremendous Performing Location: #1 CVS in 10 Mile Radius, Top 8% in 30 Miles, Top 15% in State of Pennsylvania, and Top 20% in the USA (Placer.AI)
Attractive 7.25% CAP Rate: Ideal Absolute NNN Lease with Zero Management Responsibilities and (10) 5-Year Option Periods with Multiple Increases
Ideal Demographics: 150k People (5-Miles) in Growing Residential Community w/ Strong Employers & Commuter Traffic, Average HH Income $133k (3 miles)
Two Purchase Options Available: New Loan Financing w/ Rent Credit at Closing or Assumable Loan Option at Attractive 4.54% Interest Rate & Rent Credit
Strategically Positioned Near Senior Living & Multiple Large Schools/Univ., Just 60 Miles Outside Downtown Philadelphia & 60 Miles to Harrisburg, PA

Property Flyers

Cap Rate: 7.25 %

Major Tenants

Tenant SF Occupied Lease End Date
CVS Pharmacy 13,225 SF 2/1/2037

Amenities

  • Controlled Access
  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Security System
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Drive Thru
  • Air Conditioning
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Lehigh Valley International 62 min - 43.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 35
Type: Surface
Included in Rent: Yes
Dan Cooper 440-915-7902 Cooper Commercial Investment Group
Dan Cooper 440-915-7902 Cooper Commercial Investment Group