Property Picture

Price: $7,462,000
Property Type: Retail
Status: In Contract
Address: 3100 Shillington Road
                  Sinking Spring, PA  19608
CAP Rate: 5.45%
Square Feet: 13,225
Tenancy Type: National
Lease Type: Absolute NNN

Short Description:
The Cooper Commercial Investment Group is pleased to represent the Buyer in the purchase of CVS/pharmacy is Sinking Spring, Pennsylvania.

CVS has nearly 16 years remaining in their initial term with (10) 5-year options to extend. The store is corporately guaranteed and is the largest pharmacy chain in the United States with over 9,900 stores across 49 states. The Absolute NNN lease leaves ownership with zero landlord responsibilities. Additionally, the property is strategically located at a signalized, hard corner with easy access to the store and drive-thru. The asset benefits from excellent visibility with significant frontage and large pylon signage.