3100 Shillington Rd - Drug Store FOR SALE


Sinking Spring, PA 19608
$5,610,000 USD
440-915-7902
3100 Shillington Rd, Sinking Spring, PA for Sale
$5,610,000 USD
Drug Store - FOR SALE
1/16
null | 7.25% Cap Rate

3100 Shillington Rd
Sinking Spring, PA 19608


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

OVERVIEW

Note: (Net Purchase price of $4,960,000 is after rent credit) •Corporately Backed, Single-Tenant Location with High-Profile, Investment Grade, Publicly-Traded CVS/pharmacy (NYSE: CVS (S&P “BBB”/Moody’s “Baa3”): Long-Term with 11+ Years of Term Remaining (No Early Termination Rights) •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 on Ideal Absolute NNN Lease Structure with Zero Management Responsibilities and (10) 5-Year Option Periods with Multiple Increases •Oversized (3.26-Acre) Parcel Adjacent to Sinking Spring Skilled Nursing and Rehabilitation with 214 Beds for Continued Pharmacy Needs, Along with Being Just 1-Mile from the Residence at Village Greens Senior Living Facility with 130+ Beds •Ideal Demographics with 150k People (5-Mile Radius) in a Growing Residential Community with Strong Employers and Commuter Traffic, Average Household Incomes of Approx. $133,000 (3-Mile Radius), and Strategically Positioned Just 60 Miles Outside Downtown Philadelphia and 60 Miles to Harrisburg, PA •Two Purchase Options Available: New Loan Financing with $650k Rent Credit at Closing or Assumable Loan Option at Attractive 4.54% Interest Rate and $650k Rent Credit at Closing (Net Purchase price of $4,960,000 is after rent credit) •Strong Tenancy: CVS/pharmacy is the Largest Pharmacy in the US with Over 9,000 Locations Nationwide with Revenues for the 12 Months Ended June 30, 2025 Totaling $387 Billion •Region’s Largest Medical Provider, Tower Health/Reading Hospital Located 3.6 Miles with Over 700 Beds and a Medical Staff of More than 1,000 Physicians and Healthcare Professionals •Easy Access on Signalized Lighted Corner and High Visibility Along Sinking Spring’s Main Roadway (Shillington Rd) with Excellent Curb Appeal, Prominent Pylon Signage, Modern Attractive Prototype Brick and Block Design along with Double Lane Drive-Thru •High Foot Traffic Draw Being Located Across from Southern Middle School, Cornwall Terrace Elementary School (4,300 Students Plus Faculty), Less than 1 Mile from Wilson High School (2,200 Students Plus Faculty), and Less than 5-Miles from Alvernia University (2,500 Students Plus Faculty) •Across from Major Sinking Spring Employer, Hofmann Industries, a 485,000 S.F. Manufacturing Operation, Employing Roughly 200+ Company-Wide, Another Local Source of Steady Traffic and Demand •Directly Between U.S. Route 422 & Route 222 with a Combined Daily Traffic Count of Approx. 70,000 Vehicles Per Day •Near Large Population Base: 5 Miles to the City of Reading, 60 Miles to the Greater Philadelphia Metropolitan Area, and 60 Miles to Harrisburg (Philadelphia International Airport, 65 Miles, and Harrisburg International Airport, 55 Miles)

FOR SALE DETAILS

PRICE

$5,610,000 USD

PRICE/SF

$424 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Top Location CVS: 11+ Years Term | 7.25% CAP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

3.26 AC

LAND SF

142,006 SF

ZONING

com

APN/PARCEL ID

80-4386-14-44-8599

ASK ABOUT THIS PROPERTY

Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

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Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.