NNN Retail Property with Lease
For Sale
Contact for pricing
1735 South 4th Street, Allentown, PA 18103
For sale depreciable retail asset with a recent lease extension under an absolute NNN structure.
Property Size8,320 SF
Price / SF$238.71
Days on Market51
Property Features for 1735 South 4th Street
General Information
Standard status
Active
Size
8,320 SF
Property subtype
Retail
Building Details
Year Built
2018
Listing Agency:
Marcus & Millichap - Philadelphia
Listed By:
Derrick Dougherty · License #PA RS305854
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Jul 31 at 5:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Philadelphia
Investment Insights
Based on property information with market context.
This is a retail property offered for sale as a depreciable asset with an absolute NNN lease structure. The current tenant relationship is supported by a recent lease extension, aligning the ownership interest with an income-producing setup common in NNN investment retail.
The property is located at 1735 South 4th Street in Allentown, Pennsylvania. The listing size is 8,320 square feet, and the transaction is structured as a for-sale offering.
For investors seeking a straightforward NNN retail acquisition, the key consideration here is the presence of a recent lease extension tied to an absolute NNN arrangement. That combination may be relevant for those looking to own a retail asset under a structure designed to shift many operating responsibilities to the tenant, while maintaining tenant continuity from the extended lease term. As with any NNN retail investment, prospective buyers should confirm all lease terms, rent details, and responsibility schedules during due diligence.
The property is located at 1735 South 4th Street in Allentown, Pennsylvania. The listing size is 8,320 square feet, and the transaction is structured as a for-sale offering.
For investors seeking a straightforward NNN retail acquisition, the key consideration here is the presence of a recent lease extension tied to an absolute NNN arrangement. That combination may be relevant for those looking to own a retail asset under a structure designed to shift many operating responsibilities to the tenant, while maintaining tenant continuity from the extended lease term. As with any NNN retail investment, prospective buyers should confirm all lease terms, rent details, and responsibility schedules during due diligence.
Key Highlights
- 2018‑built depreciable retail asset
- Recent lease extension
- Absolute NNN lease structure
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.8k | $18.60 |
| − Vacancy | −$8.4k | −$1.00 |
| EGI | $146.4k | $17.60 |
| − OpEx | −$43.9k | −$5.28 |
| NOI | $102.5k | $12.32 |
8,320 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.71M
NOI $102,477 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.63M
$1.43M – $1.91M
NOI $114,417 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 25%
Groceries 23%
Superfood Marketplace
Groceries
19,506 visits/mo
0.5 miles
Wendy's
Dining
12,983 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
10,446 visits/mo
0.3 miles
Burger King
Dining
9,432 visits/mo
0.3 miles
Taco Bell
Dining
7,926 visits/mo
0.4 miles
Demographics for 18103, PA
48,358
Population
19,769
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
17.2 sq mi
ZIP Area
2,812
Density / Sq Mi
$72,545
Median Household Income
$38,377
Median Earnings
$1,333
Median Rent
$242,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For sale depreciable retail asset with a recent lease extension under an absolute NNN structure.
Where is this retail space located?
The property is located at 1735 South 4th Street Allentown, PA.
What is the asking price?
The asking price for this property is $1,986,070.
What are key features of this property?
This property features: 2018‑built depreciable retail asset; Recent lease extension; Absolute NNN lease structure
