3100 Shillington Rd - Drug Store FOR SALE


Sinking Spring, PA 19608
$4,784,764 USD
619-297-0055
3100 Shillington Rd, Sinking Spring, PA for Sale
$4,784,764 USD
Drug Store - FOR SALE
1/3
null | 8.5% Cap Rate

3100 Shillington Rd
Sinking Spring, PA 19608


HIGHLIGHTS

  • 12 years remaining on the absolute triple net (NNN) lease, ensuring a stable and passive income stream with no landlord responsibilities whatsoever.
  • According to Placer.Ai this location is in the top 25% in customer visits nationwide and the #1 CVS in a 10-mile radius.
  • Southern Middle School and Cornwall Terrace Elementary School, located across the street, combine for ±1,300 students.
  • Over 57,000 residents within a 3-mile radius with an average household income exceeding $113,000, reflecting strong economic fundamentals.
  • Sinking Spring Skilled Nursing Center and The Residence at Village Greens, both within 1 mile of the subject property, total over 345 beds.
  • Located 3.6 miles from Tower Health/Reading Hospital, the region's largest medical provider with over 700 beds and more than 1,000 employees.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,784,764 USD

PRICE/SF

$144 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

#1 CVS in 10-Mi Per Placer A.I | Philly MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

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

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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