3100 Shillington Rd | Sinking Spring, PA 19608
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- LoopNet Team
3100 Shillington Rd
Sinking Spring, PA 19608
CVS · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease Structure: This property features an absolute triple (NNN) lease structure, ensuring no landlord responsibilities.
- Long Term Lease: With over 13 years remaining on the lease term, this investment ensures consistent rental income for the foreseeable future
- Strong Demographics: Strategically located in Reading, PA, the property benefits from being situated within a dense population
- Investment Grade Credit: Lease is corporately guaranteed by CVS (NYSE: CVS), with a market cap north of $94 billion
- Pandemic Proof/Essential Retailer: As an essential retailer, CVS has been working to ensure the safety and well-being of patients and customers
- Drive-Thru Pharmacy: Drive-thru lanes proved to be critical for retailers through the pandemic, and as total sales volume for restaurants,
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,225 SF
Building Class
B
Year Built
2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
3.26 AC
Zoning
com
Parking
35 Spaces (2.65 Spaces per 1,000 SF Leased)
Frontage
469’ on Shillington Rd
Amenities
- Controlled Access
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 80-4386-14-44-8599 | Improvements Assessment | $2,026,200 |
| Land Assessment | $461,200 | Total Assessment | $2,487,400 |
Property Taxes
Parcel Number
80-4386-14-44-8599
Land Assessment
$461,200
Improvements Assessment
$2,026,200
Total Assessment
$2,487,400
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