5 Morgan Dr | Reading, PA 19608
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5 Morgan Dr
Reading, PA 19608
KinderCare · Retail Property For Sale
Investment Highlights
- • KinderCare Learning Centers, LLC Corporate Guaranteed Lease with Brand New (10) Year Lease Term
- • Strong Roots in Submarket having Operated at this Site for over (21) Years
- • Centralized Location l Just five miles away from Downtown Reading, PA (158K+ Population in a 5-mile radius)
- • Double Net (NN) Lease with Minimal Landlord Responsibilities
- • Attractive Rental Increases of Seven Percent (7%) in Year 6 & CPI in Option Periods
- • Dense, Stable Middle-Class Demographics l Average Household Income is $86K in a 3 mile radius & 158K Residents within a 5 mile radius
Property Facts
Property Type
Retail
Property Subtype
Building Size
9,226 SF
Building Class
B
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.90 AC
Property Taxes
| Parcel Number | 80-4386-20-80-9898 | Improvements Assessment | $546,400 |
| Land Assessment | $162,300 | Total Assessment | $708,700 |
Property Taxes
Parcel Number
80-4386-20-80-9898
Land Assessment
$162,300
Improvements Assessment
$546,400
Total Assessment
$708,700
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