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2595 N Reading Rd 5,000 SF 100% Leased Retail Building Denver, PA 17517 $2,625,417 ($525.08/SF) 6% Cap Rate
Executive Summary
• Verizon Wireless is one of the largest wireless telecommunications providers in the United States with over 6,300 retail locations
• Truist Bank is one of the largest financial services institutions in the United States with over 1,900 branches and approximately $549 Billion in total assets.
• Tenants both have long term operating history at the location, showing their long-term commitment
• Property is ideally positioned along North Reading Road (Route 272) at a signalized intersection, making it an ideal location
• Truist Bank is one of the largest financial services institutions in the United States with over 1,900 branches and approximately $549 Billion in total assets.
• Tenants both have long term operating history at the location, showing their long-term commitment
• Property is ideally positioned along North Reading Road (Route 272) at a signalized intersection, making it an ideal location
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
B
Year Built
1989
Price
$2,625,417
Price Per SF
$525.08
Cap Rate
6%
NOI
$157,525
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
2.50 AC
Zoning
C2
Parking
20 Spaces (4 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Information
- -
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$9.99
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Lorem Ipsum
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Jan 0000
Verizon Communications originated in 1983 as Bell Atlantic after the AT&T breakup. The company merged with GTE in 2000, forming Verizon Communications. Today, it operates consumer services like wireless networks and Fios fiber-optic internet and TV. Its business segment provides networking, cloud solutions, and security services. Verizon remains one of the largest telecommunications providers in the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Information | - | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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2595 N Reading Rd
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