Starbucks

3170 Shillington Road, Sinking Spring, PA 19608

$2,683,000

Cap Rate 6.15%

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DOM: 8 Updated: 09.05.25 Posted: 09.05.25 Status: Active 09.05.25

Summary

Price $2,683,000	Built/Renov 2024	Tenant Starbucks
Cap Rate 6.15%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,400	Lease Start 11-14-2024	#Units 38,038
Price/SF $1,117.92	Expiration 02-28-2035	Tenant Type Fast Food/QSR
NOI $165,000	R. Term 9.5	Ownership Fee Simple
Rent/SF $68.75	Increases 10.0%/6/yrs	Pop 5Mi 91,863
Lot/AC 1.72	Options 3/5yrs/10%	AHHI 5Mi $116,778

Highlights

Brand new 2024 construction with Starbucks’ latest drive-thru prototype
Absolute NNN lease with zero landlord responsibilities
10-year corporately guaranteed lease by Starbucks Corporation (NASDAQ: SBUX)
1,920 SF building on 0.74-acre parcel with 33 parking spaces
Located on Shillington Road with 24,000 vehicles per day
Surrounded by Giant, Lowe’s, McDonald’s, Chick-fil-A, CVS, and Walgreens
Five-mile trade area: 138,853 residents, $97,690 average household income

Location Description

Starbucks is strategically located along Shillington Road (U.S. Route 222 Business) in Sinking Spring, Pennsylvania, with access to a daily traffic count of approximately 24,000 vehicles. The site is surrounded by major national retailers including Giant, Lowe’s, McDonald’s, etc, driving consistent consumer traffic to the area. The property is located near several schools, residential...

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Key Features

New construction
Oversized lot
Major thoroughfare
Near major nationals
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
Over 2000 units backed
Corporate Guarantee

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Links

Starbucks Wikipedia SINKING SPRING, PA Wikipedia Starbucks Zip Code 19608 Broker site page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Starbucks
Guarantor:Corp T and Rated
Company:Starbucks Corporation
# Units:38,038
Tenant S&P: BBB+
Moody’s: Baa1
Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...

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Listing Broker

Matthew Gorman

CBRE: NLPG Philadelphia

Contact

65 Listings
19343 Views
37 Sold

Michael Shover

CBRE: NLPG Philadelphia

Contact

65 Listings
19343 Views
37 Sold

Matthew Gorman

Matthew Gorman joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Matthew and his team's primary goal is to execute for their clients at the highest level by representing their best interests professionally, honestly and with integrity in all aspects of the marketing and sales process. Shortly after joining CBRE, Matthew was inducted into the exclusive Net Lease Property Group, leading the Philadel

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Michael Shover

Michael Shover joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Shortly after, Michael was inducted into CBRE’s exclusive Net Lease Property Group, leading and specializing in the Mid-Atlantic area. The Net Lease Property Group comprises of a team of senior advisors located within major metropolitan areas throughout the United States who are dedicated to transacting single-tenant assets and net-l

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