3400 N 5th St - Storefront FOR SALE


Reading, PA 19605- Outer Muhlenberg Township
$980,645 USD
215-600-1761
3400 N 5th St, Reading, PA for Sale
$980,645 USD
Storefront - FOR SALE
1/5
null | 7.75% Cap Rate


HIGHLIGHTS

  • Attractive Rent Increases
  • Dynamic Tenant
  • Minimal Management Responsibilities
  • Prime Retail Location
  • Strong Real Estate Fundamentals
  • Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Beauty & More located at 3400 N 5th Street Highway in Reading, Pennsylvania (the “Property”). Beauty & More occupies an 8,000 square foot building on a 0.23-acre parcel of land. Beauty & More has 9+ years remaining on their lease with two (2), 5-year renewal options. The lease calls for attractive rent increases every five years throughout the primary lease term and at the start of each of the renewal options. The Property is extremely well located along N 5th Street Highway (US Route 222 BUS), one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding visibility, frontage and access and is in the center of a dense trade area that is home to shopping centers, national and local retailers, restaurants, and businesses, all of which drive traffic to the area. Beauty & More is within minutes of several area schools and is surrounded by residential neighborhoods providing a built-in customer base. Additionally, the Property is convenient to the area’s primary roadways, Reading Regional Airport, two hospitals and three colleges/universities.

FOR SALE DETAILS

PRICE

$980,645 USD

PRICE/SF

$123 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beauty & More

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

66-5308-07-78-4227

ASK ABOUT THIS PROPERTY

Mark TaylorHorvath & TremblayMore Info
215-600-1761

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Mark TaylorHorvath & TremblayMore Info
215-600-1761

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