CVS Pharmacy – Sinking Spring
Property Type: Retail | Property Status: Sold
Property Details
Price: $7,200,000
CAP Rate:
Square Feet:
Tenancy Type: National
Lease Type: Absolute NNN
Location Info
Address: 3100 Shillington Road
City: Sinking Spring
State: PA
Zip: 19608
Property Description
Short Description:
The Cooper Commercial Investment Group is pleased to announce the purchase/sale of CVS/pharmacy located in Sinking Spring, Pennsylvania. The corporately guaranteed, Absolute NNN lease has nearly 16 years of term remaining.
Details
Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the 1031 buyer, a private investor out of the Midwest who Dan Cooper helped to place funds into a diverse portfolio of replacement assets. The seller, a private investment group out of Florida sold the asset for $7.2 million, representing a 5.65% CAP Rate. The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation, evaluation of your commercial property. Visit them on line at www.CooperGrp.com for the most up-to-date listings and information, stay connected by, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.