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3735 Nicholas Street - Palmer Super Center - Palmer Super Center, Easton, PA

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3735 Nicholas Street - Palmer Super Center - Palmer Super Center

Easton, PA 18045 - Lehigh/Northampton Submarket


Property Type:Retail Sub Type:- Status:Existing , Renov 2001 Year Built:1963
Building Size:84,144 SF Land Area:7.82 AC (340,639 SF)
Smallest Space:600 SF Largest Space:4,896 SF Total Space Avail:10,953 SF Rent/SF/Yr:
Negotiable
Parking:426 Surface spaces are available; Ratio of 4.23/1,000 SF Anchor Tenants:Redner's Warehouse Markets


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
600 SF
Negotiable
Vacant
Negotiable
Retail
 1st
2,057 SF
Negotiable
30 Days
Negotiable
Retail
 1st
3,400 SF
Negotiable
Vacant
Negotiable
Retail
 1st
4,896 SF
Negotiable
30 Days
Negotiable
Retail
 
7467406
7467412
7957873
5853463


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
600 SF
Negotiable
Vacant
Negotiable
Retail
1st
2,057 SF
Negotiable
30 Days
Negotiable
Retail
1st
3,400 SF
Negotiable
Vacant
Negotiable
Retail
1st
4,896 SF
Negotiable
30 Days
Negotiable
Retail
Palmer Super Center is a 100,637 sq. ft. neighborhood shopping center anchored by Redner's Markets. Redner's occupies 69,135 sq. ft. and its lease runs through Sept. 30, 2016, with two 5-year option periods.

The property is located in eastern Lehigh Valley in the Route 33 growth corridor with frontage on both William Penn Highway and Stones Crossings Road at the intersection of Stones Crossing Road in Palmer Township, PA. It is forecasted that 80% of the growth that will happen over the next 10-15 years will be along the Route 33 corridor.

INVESTMENT SUMMARY
Sale Price: $12,975,000 ($128.85 PSF)
Cap Rate: 7.44%
Actual NOI: $965,054
GLA: 100,696 sq. ft. (Net Rentable Area: 100,637 SF)
Major Tenants: Redner's Supermarket, Countrywide Home Loans, Sherwin Williams



Lamar Asset Management and Realty Inc.
Sam Cooper
(412) 613-3353
View all my listings
Stephanie DeNapoli
(973) 285-0660 x328
View all my listings


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