400 S 6th St - Freestanding FOR SALE


Reading, PA 19602- UNO
$1,728,841 USD
484-716-2231
400 S 6th St, Reading, PA for Sale
$1,728,841 USD
Freestanding - FOR SALE
1/4
null | 7.25% Cap Rate

400 S 6th St
Reading, PA 19602
UNO


HIGHLIGHTS

  • RECENT LEASE EXTENSION
  • ABSOLUTE NNN – DEPRECIABLE ASSET
  • TOP NATIONAL PERFORMER (PLACER.AI)

OVERVIEW

RECENT LEASE EXTENSION | LONG-TERM COMMITMENT | Family Dollar recently extended its lease, demonstrating long-term commitment to the site. Close to 10 years of remaining lease term provide durable cash flow visibility. BUILT-IN NOI GROWTH | Lease includes 10% rental increases every 5 years during the base term. Continued 10% increases throughout all remaining 5-year option periods. STRONG SITE PERFORMANCE | TOP 22% NATIONWIDE LOCATION | Property Ranks in the top 22% of locations nationally based on annual visits. Demonstrates strong and consistent customer traffic levels at the site. ABSOLUTE NNN LEASE STRUCTURE | PASSIVE INVESTMENT | Tenant is responsible for taxes, insurance, and maintenance. FEE SIMPLE OWNERSHIP | TAX DEPRECIATION | Tax depreciation benefits enhance investor value. Fee simple ownership offers long-term control of the underlying real estate. 4TH LARGEST CITY IN PA | DENSE POPULATION | Positioned along South 6th Street with approximately 10,000 combined vehicles per day. Serves nearly 212,000 residents within a 5-mile radius in Reading. STRONG TRAFFIC & REGIONAL CONNECTIVITY | PRIMARY COMMUTER CORRIDORS | Direct access to US Route 422 (40K VPD) and US Route 222 (37K VPD). Connecting Reading, Wyomissing, Lancaster, and Allentown. GROWTH MARKET | EXPECTED POPULATION GROWTH | Surrounding population projected to continue growing over the next five years. Expanding consumer base supports long-term retail demand and tenant performance. POSITIVE TENANT OUTLOOK | Family Dollar generated approximately $13 billion in revenue in fiscal year 2025. Reported 2.5% comparable sales growth and projects continued positive growth in 2026. STRONG HEALTHCARE & EDUCATION PRESENCE | STABLE DAYTIME POPULATION DRIVERS | Near Reading Hospital, a 697-bed teaching hospital within the Tower Health network employing 10,000+ employees systemwide. Proximity to Alvernia University, with approximately 3,000 students. Nearby Exeter Township Senior High School enrolls approximately 1,300 students, ESTABLISHED RETAIL & ENTERTAINMENT CORRIDOR | REGIONAL SHOPPING & EVENT DESTINATIONS | Located near Downtown Reading and the dominant Wyomissing retail trade area. Proximity to Berkshire Mall and the Mt. Penn retail corridor. Minutes from Santander Arena, an 8,800-seat venue that has hosted more than 2,800 events driving consistent regional traffic.

FOR SALE DETAILS

PRICE

$1,728,841 USD

PRICE/SF

$188 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar - Reading, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

R-3

APN/PARCEL ID

01-5306-35-87-3709

ASK ABOUT THIS PROPERTY

Nick GeaneotesMarcus & MillichapMore Info
484-716-2231

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Nick GeaneotesMarcus & MillichapMore Info
484-716-2231

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