1065 Woodland Rd Wyomissing, PA 19610
Single tenant property leased to Aldi with 12.5+ years remaining.
Property size:
22,940 SFLot size:
0.56 AcresProperty Features for 1065 Woodland Rd
General Information
- Standard status
- Active
- Size
- 22,940 SF
- Lot size
- 0.56 Acres
Building Details
- Year built
- 1997
Source:
Crexi
Listing Agency: Forged Real Estate Listing Agent: James Yi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Single Tenant Aldi Property
The property is a single tenant property leased to Aldi, located in Wyomissing, Pennsylvania, approximately two miles from Reading. Aldi's lease commenced in June 2023 and has over 12.5 years remaining, featuring 10% rental increases every five years. A new roof was installed in October 2022 with a 20-year transferable warranty. The property is situated within the Woodmill Commons shopping center, alongside national retailers such as JOANN, Old Navy, and Raymour & Flanigan. It is accessible via a signalized entrance on Woodland Road and from Berkshire Boulevard, and is near US-222, a major thoroughfare with a daily traffic volume of over 98,000 vehicles. The surrounding 5-mile area has a population of nearly 206,000 and over 76,000 households, with projections indicating continued growth through 2029. The average household income within 1-mile of the property surpasses $105,000. Aldi is located in a retail corridor with shopping centers, malls, and other retail destinations. The nearby Target ranks in the top 94th percentile of its chain in the United States, and the Berkshire Mall ranks in the top 72nd percentile of Regional Malls within the United States. Aldi is recognized for offering shoppers the lowest prices among national grocery chains and has been recognized as #1 in Everyday Low Price for seven years running.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Places Nearby
Russo Gourmet Foods And Market
Location Insight
- Map
- Local Demand
- City
- Wyomissing
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.971399
- Latitude
- 40.345408
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Single tenant property leased to Aldi with 12.5+ years remaining.
Where is this grocery and convenience store located?
The property is located at 1065 Woodland Rd Wyomissing, PA.
What are key features of this property?
This property features: - Long-term lease with Aldi (12.5+ years remaining) provides stable income; - Scheduled rental increases (10% every 5 years) offer built-in income growth; - Strategic location within Woodmill Commons shopping center with national retailers (JOANN, Old Navy, Raymour & Flanigan)
