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Beauty & More 3400 N 5th St 8,000 SF Retail Building Reading, PA 19605 $980,645 ($122.58/SF) 7.75% Cap Rate



INVESTMENT HIGHLIGHTS
- Attractive Rent Increases
- Minimal Management Responsibilities
- Strong Real Estate Fundamentals
- Dynamic Tenant
- Prime Retail Location
- Traffic Counts
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,000 SF
Building Class
C
Year Built
1962
Price
$980,645
Price Per SF
$122.58
Cap Rate
7.75%
NOI
$76,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.80
Lot Size
0.23 AC
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Beauty & More Inc
- Retailer
- -
- $10.00
- Triple Net
- Feb 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Beauty & More Inc | Retailer | - | $10.00 | Triple Net | Feb 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 66-5308-07-78-4227 | Improvements Assessment | $154,700 |
| Land Assessment | $117,000 | Total Assessment | $271,700 |
PROPERTY TAXES
Parcel Number
66-5308-07-78-4227
Land Assessment
$117,000
Improvements Assessment
$154,700
Total Assessment
$271,700
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Beauty & More | 3400 N 5th St
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