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3100 Shillington Rd
Sinking Spring, PA 19608
Top Location CVS: 11+ Years Term | 7.25% CAP · Retail Property For Sale
Investment Highlights
- Corp. STNL, High-Profile, Investment Grade, Publicly-Traded CVS/pharmacy (NYSE: CVS (S&P “BBB”) 11+ Years of Term Remaining (No Early Termination)
- Attractive 7.25% CAP Rate: Ideal Absolute NNN Lease with Zero Management Responsibilities and (10) 5-Year Option Periods with Multiple Increases
- Two Purchase Options Available: New Loan Financing w/ Rent Credit at Closing or Assumable Loan Option at Attractive 4.54% Interest Rate & Rent Credit
- 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)
- Ideal Demographics: 150k People (5-Miles) in Growing Residential Community w/ Strong Employers & Commuter Traffic, Average HH Income $133k (3 miles)
- Strategically Positioned Near Senior Living & Multiple Large Schools/Univ., Just 60 Miles Outside Downtown Philadelphia & 60 Miles to Harrisburg, PA
Property Facts
Property Type
Retail
Property Subtype
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
C - Commercial
Parking
35 Spaces (2.65 Spaces per 1,000 SF Leased)
Frontage
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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