3405-3415 N 5th Street Hwy - Retail FOR SALE


Reading, PA 19605- Outer Muhlenberg Township
$6,375,000 USD
215-568-2600
3405-3415 N 5th Street Hwy, Reading, PA for Sale
$6,375,000 USD
Retail - FOR SALE
1/5
null | 7% Cap Rate

3405-3415 N 5th Street Hwy
Reading, PA 19605
Outer Muhlenberg Township


HIGHLIGHTS

  • 100% occupied shopping center located in the heart of a major commercial corridor in Reading, PA
  • Anchored by Goodwill, Advance Auto Parts (NYSE: AAP), and Aaron’s (NYSE: AAN), all with below-market rents and strong occupancy, providing long-term i
  • Strong operating history with 4 of the 5 tenants in place for nearly 20 years, reflecting tenant commitment and long-term performance
  • Anchor tenant WALT is approximately 5.5 years, representing about 70% of the in-place rent
  • Situated at the high-traffic intersection of Route 222 (25,811 VPD) and E. Bellevue Avenue (9,116 VPD), the primary retail corridor in reading connect
  • Surrounded by approximately 3 million square feet of retail within a 3-mile radius, establishing the area as a dominant retail node with a significant

OVERVIEW

MSC Retail is pleased to present the exclusive offering of a 100% occupied retail center located along the dominant commercial corridor of Reading, Pennsylvania. The property is anchored by a stable mix of national credit and essential service tenants, including Goodwill, Advance Auto Parts (NYSE: AAP), and Aaron’s (NYSE:AAN), all operating at below-market rents. The center benefits from a strong operating history, with four of the five tenants having been in place for nearly 20 years— demonstrating long-term occupancy and consistent tenant performance. The weighted average lease term (WALT) of the anchor tenants is approximately 5.5 years, representing roughly 70% of the in-place rent, providing predictable near- to mid-term cash flow. Strategically positioned at the high-traffic intersection of Route 222 (25,811 vehicles per day), the property sits at the core of Reading’s primary retail corridor, which channels regional traffic from north to south. Within a 3-mile radius, the area boasts over 3 million square feet of retail, establishing this location as a major destination retail node. The surrounding market draws from a significantly larger demographic footprint than a typical neighborhood shopping center, making this an ideal opportunity for investors seeking durable in-place income with long-term upside potential.

FOR SALE DETAILS

PRICE

$6,375,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Muhlenberg Square Shopping Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

160

LAND DETAILS

LAND ACRES

3.28 AC

LAND SF

142,877 SF

ZONING

-

APN/PARCEL ID

66-5308-08-78-8642

ASK ABOUT THIS PROPERTY

215-568-2600

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

215-568-2600

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