Sinking Spring, PA
- Approximately 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.
- 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.
- Pricing includes a 3-year rent holiday, contact broker for additional details regarding possible buyer credit.
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.