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Muhlenberg Square Shopping Plaza 3405-3415 N 5th Street Hwy 49,191 SF 100% Leased Retail Building Reading, PA 19605 $6,375,000 ($129.60/SF) 7% Cap Rate



Investment Highlights
- 100% occupied shopping center located in the heart of a major commercial corridor in Reading, PA
- Strong operating history with 4 of the 5 tenants in place for nearly 20 years, reflecting tenant commitment and long-term performance
- 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
- 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
- Anchor tenant WALT is approximately 5.5 years, representing about 70% of the in-place rent
- 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
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
49,191 SF
Building Class
C
Year Built
1996
Price
$6,375,000
Price Per SF
$129.60
Cap Rate
7%
NOI
$446,250
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
3.28 AC
Parking
160 Spaces (3.48 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 66-5308-08-78-8642 | Improvements Assessment | $1,890,600 |
| Land Assessment | $819,200 | Total Assessment | $2,709,800 |
Property Taxes
Parcel Number
66-5308-08-78-8642
Land Assessment
$819,200
Improvements Assessment
$1,890,600
Total Assessment
$2,709,800
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Muhlenberg Square Shopping Plaza | 3405-3415 N 5th Street Hwy
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