3100 Shillington Rd - Drug Store FOR SALE
Sinking Spring, PA 19608 |
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
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Top Location CVS: 11+ Years Term | 7.25% CAP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
13225
STORIES
1
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
80-4386-14-44-8599
