4614 Penn Ave - Restaurant FOR SALE


Sinking Spring, PA 19608
$2,683,000 USD
215-603-6914
4614 Penn Ave, Sinking Spring, PA for Sale
$2,683,000 USD
Restaurant - FOR SALE
1/8
null | 6.15% Cap Rate

4614 Penn Ave
Sinking Spring, PA 19608


HIGHLIGHTS

  • Built in November 2024, the property features Starbucks' latest prototype and ground-up construction, effectively minimizing deferred maintenance
  • Fresh 10 year lease with 3x5 year renewal options that offers stable cash flow with limited landlord responsibilities
  • Corporately backed by Starbucks, a global brand with an investment-grade BBB+ credit rating from S&P
  • Limited competition - this is the only Starbucks in immediate trade area with the next free standing Starbucks over 8 miles away
  • Situated along Penn Avenue (20k VPD) Starbucks is part of a newly developed retail cluster and a surge of new construction residential developments
  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,683,000 USD

PRICE/SF

$1,118 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | Sinking Spring, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Aspen Ave

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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