Starbucks | Sinking Spring, PA 4614 Penn Ave 2,400 SF Retail Building Sinking Spring, PA 19608 $2,683,000 ($1,117.92/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Built in November 2024, the property features Starbucks' latest prototype and ground-up construction, effectively minimizing deferred maintenance
- Corporately backed by Starbucks, a global brand with an investment-grade BBB+ credit rating from S&P
- Situated along Penn Avenue (20k VPD) Starbucks is part of a newly developed retail cluster and a surge of new construction residential developments
- Fresh 10 year lease with 3x5 year renewal options that offers stable cash flow with limited landlord responsibilities
- Limited competition - this is the only Starbucks in immediate trade area with the next free standing Starbucks over 8 miles away
- Thriving market with strong demographics -Just 6 miles SW of Reading, PA, this location enjoys strategic connectivity to U.S. Route 422 and I-76
EXECUTIVE SUMMARY
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this brand-new, 2,400-square-foot Starbucks with a drive-thru, strategically positioned in Sinking Spring, Pennsylvania. Completed in 2024 and officially opened in November, this ground-up construction features Starbucks' latest drive-thru-focused prototype, designed for maximum efficiency, operational performance, and evolving consumer preferences. The property sits on a spacious 1.72-acre parcel with elevated construction, offering excellent visibility and strong curb appeal along Penn Avenue (Route 422), which sees over 20,000 vehicles per day.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Year Built
2024
Price
$2,683,000
Price Per SF
$1,117.92
Cap Rate
6.15%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.72 AC
AMENITIES
- 24 Hour Access
NEARBY MAJOR RETAILERS
