NNN Retail Property with Lease Extension

1735 South 4th Street Allentown, PA 18103

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For sale depreciable retail asset with a recent lease extension under an absolute NNN structure.

Type:Retail
Property size:
8,320 SF
Price / SF:
$238/SF
Added:
Jun 15, 2026
Days on Market:
26
Last Refresh:
Jun 20 at 1:55 am

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 office Marcus & Millichap - Philadelphia

Listing date Jun 15, 2026

Source Crexi

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.

Key Highlights

  • 2018‑built depreciable retail asset
  • Recent lease extension
  • Absolute NNN lease structure

Local 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 (±1% cap)
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 (±1% cap)
NOI $114,417 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Family Dollar Discount Store

Suggested Use

Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Skin Care Clinic Restaurant Hair Salon Accounting Firm Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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
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