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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

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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.

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
270’ on Allentown Pike (N 5th St)
Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

7 Brew Coffee
Grocery Outlet
Applebee's
Premier Rental Purchase
Rent-A-Center
Planet Fitness
Redner's Warehouse Markets
Storage Sense
Starbucks
GIANT

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
66-5308-08-78-8642
Land Assessment
$819,200
Improvements Assessment
$1,890,600
Total Assessment
$2,709,800
  • Listing ID: 36642417

  • Date on Market: 7/8/2025

  • Last Updated:

  • Address: 3405-3415 N 5th Street Hwy, Reading, PA 19605

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