1112-1140 Town Square Rd - Freestanding FOR SALE


Pottstown, PA 19465
$18,333,000 USD
202-286-1542
1112-1140 Town Square Rd, Pottstown, PA for Sale
$18,333,000 USD
Freestanding - FOR SALE
1/6
null | 5.4% Cap Rate

1112-1140 Town Square Rd
Pottstown, PA 19465


HIGHLIGHTS

  • Lowe’s Anchored | Anchor Recent Brand New 15-Year Extension
  • National/Credit Tenant Presence | Crossover Retail Exposure
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Capital Markets Group is pleased to offer the opportunity to acquire the Leased Fee interest (land ownership) in a NNN Ground Leased, anchor of the Town Square Plaza, Lowe’s investment property located in Pottstown, Pennsylvania. The tenant, Lowe’s Home Centers, LLC recently extended their lease 15 years with further 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features variable increases beginning year 7 in the initial term and at the third extended term period, steadily growing NOI and hedging against inflation.

FOR SALE DETAILS

PRICE

$18,333,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lowe's Anchored | New 15yr Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

459

LAND DETAILS

LAND ACRES

37.41 AC

LAND SF

1,629,516 SF

ZONING

I1

APN/PARCEL ID

17-003-0243.0000

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.