202-286-1542
1112-1140 Town Square Rd, Pottstown, PA for Sale
Freestanding - FOR SALE
1/7
null | Request Cap Rate

1112-1140 Town Square Rd
Pottstown, PA 19465


HIGHLIGHTS

  • Lowe’s Anchored | Anchor Recent Brand New 15-Year Extension | Multiple Junior Anchors | Freestanding Buildings | 87% Occupied
  • National/Credit Tenant Presence | Crossover Retail Exposure
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners-Northeast, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Lowe’s anchored shopping center investment property located in Pottstown, Pennsylvania. The anchor 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. At 87% occupancy, the property provides potential upside through leasing remaining vacancies. Moreover, with multiple freestanding buildings currently in one parcel, the future owner of the property has option to sub-parcelize the site and sale pad/building separately to maximize the value.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Town Square Plaza | Lowe's Anchored

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

1237

LAND DETAILS

LAND ACRES

38 AC

LAND SF

1,655,280 SF

ZONING

C-3

APN/PARCEL ID

17-003-0243.0000

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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