For Sale
$2,870,000

4614 Penn AveReading, PA 19608

High-yield Starbucks NNN lease, strong demographics.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple owned, 2,400 square foot Starbucks located at 4614 Penn Ave, Sinking Spring, PA 19608. The property sits on a 1.72-acre lot and boasts a brand-new, 2024 construction featuring a drive-thru. This single-tenant, corporate-guaranteed net lease with Starbucks (S&P: BBB+) offers a remaining lease term of 10.3 years, expiring February 28, 2035, with four 5-year renewal options, each including a 10% rent increase. The current annual net operating income (NOI) is $165,000, resulting in a 5.75% cap rate. The property benefits from a high-traffic location at a signalized intersection of Penn Ave and Green Valley Rd, averaging 30,700 vehicles per day. Surrounding retailers include Popeyes, Sheetz, Dollar Tree, Wendy's, and Tractor Supply Co. The 5-mile trade area boasts over 94,000 residents and 57,800 employees, with an affluent average household income of $139,331 within a 1-mile radius. This is a low-management investment with the tenant responsible for taxes, insurance, and most maintenance. The asking price is $2,870,000. This is a rare opportunity to acquire a high-performing, free-standing Starbucks with significant long-term growth potential.

Highlights

  • Fee-simple owned, 2,400 SF Starbucks in Sinking Spring, PA.
  • Brand-new (2024) construction with drive-thru on a 1.72-acre lot.
  • Corporate-guaranteed net lease with Starbucks (S&P: BBB+), 10.3 years remaining, four 5-year options with 10% rent increases.
  • $165,000 annual NOI, 5.75% cap rate, $2,870,000 asking price.
  • High-traffic location (30,700 VPD) near major retailers; strong demographics (94,000 residents, 57,800 employees within 5 miles).

Property Details for 4614 Penn Ave

Property type
Retail properties
Square Feet
2,400 SF
Year Built
2024
Lot Size (sq. ft)
74,923 SF

Location Insight

City
Reading
County
Berks
State
Pennsylvania
Latitude
40.32659057001
Longitude
-76.038140454477
4614 Penn Ave, Reading, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4614 Penn Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message