#1 CVS in 10-Mile Radius | Philadelphia MSA 3100 Shillington Rd 13,225 SF Retail Building Sinking Spring, PA 19608 $5,609,724 ($424.18/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Approximately 12 years remaining on a absolute triple net (NNN) lease, ensuring a stable and passive income stream with no landlord responsibilities
- Southern Middle School and Cornwall Terrace Elementary School, located across the street, combine for ±1,300 students.
- Sinking Spring Skilled Nursing and Rehabilitation Center and The Residence at Village Greens, both within 1 mile, total over 345 beds.
- According to Placer.Ai this location is in the top 25% in customer visits nationwide and the #1 CVS in a 10-mile radius.
- Over 57,000 residents within a 3-mile radius with an average household income exceeding $113,000, reflecting strong economic fundamentals.
- Seller to credit full 3-year rent credit at close of escrow.
EXECUTIVE SUMMARY
We are pleased to offer for sale the CVS property located at 3100 Shillington Road in Sinking Spring, Pennsylvania ("The Property"). CVS has been successfully operating at this location since 2011, with approximately 12 years remaining on an absolute triple net (NNN) lease. The lease structure ensures no landlord responsibilities, making it an attractive, passive investment opportunity.
Located just 5 miles from downtown Reading, Sinking Spring offers a balance of suburban living and urban convenience. The over 57,000 residents within a 3-mile radius of the Property support an average household income exceeding $113,000, reflecting the area’s strong demographics and spending power. The area is supported by a strong retail presence with over 1.1 million square feet of retail space within 1.5 miles of the Property.
The Property is strategically located near multiple major medical institutions, providing a strong customer base for the store's pharmacy segment. Adjacent to the Sinking Spring Skilled Nursing and Rehabilitation Center, the Property benefits from the immediate customer base of the 214-bed facility as well as the recently constructed 'The Residence at Village Greens', a senior living facility which consists of 131 rooms. Additionally, the Property is located 3.6 miles from Tower Health/Reading Hospital, the region's largest medical provider with over 700 beds and more than 1,000 physicians and healthcare professionals.
Listed in conjunction with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, PA DRE Lic. RM423816.
Located just 5 miles from downtown Reading, Sinking Spring offers a balance of suburban living and urban convenience. The over 57,000 residents within a 3-mile radius of the Property support an average household income exceeding $113,000, reflecting the area’s strong demographics and spending power. The area is supported by a strong retail presence with over 1.1 million square feet of retail space within 1.5 miles of the Property.
The Property is strategically located near multiple major medical institutions, providing a strong customer base for the store's pharmacy segment. Adjacent to the Sinking Spring Skilled Nursing and Rehabilitation Center, the Property benefits from the immediate customer base of the 214-bed facility as well as the recently constructed 'The Residence at Village Greens', a senior living facility which consists of 131 rooms. Additionally, the Property is located 3.6 miles from Tower Health/Reading Hospital, the region's largest medical provider with over 700 beds and more than 1,000 physicians and healthcare professionals.
Listed in conjunction with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, PA DRE Lic. RM423816.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,225 SF
Building Class
B
Year Built
2010
Price
$5,609,724
Price Per SF
$424.18
Cap Rate
7.25%
NOI
$406,705
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
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 80-4386-14-44-8599 | Improvements Assessment | $2,026,200 |
| Land Assessment | $461,200 | Total Assessment | $2,487,400 |
