Triple-Net Retail
For Sale
$1,728,841
400 S 6th St, Reading, PA 19602
Absolute NNN retail asset with a recent lease extension, positioned for long-term ownership under a passive structure.
Property Size9,568 SF
Price / SF$180.69
Days on Market119
Property Features for 400 S 6th St
General Information
Standard status
Active
Size
9,568 SF
Property subtype
Discount
Lease Type
NNN
Amenities
RECENT LEASE EXTENSION | LONG-TERM COMMITMENT • Family Dollar recently extended its lease, demonstrating long-term commitment to the site • Close to 10 years of remaining lease term provide durable
BUILT-IN NOI GROWTH • Lease includes 10% rental increases every 5 years during the base term • Continued 10% increases throughout all remaining 5-year option periods
STRONG SITE PERFORMANCE | TOP 22% NATIONWIDE LOCATION • Property Ranks in the top 22% of locations nationally based on annual visits
Building Details
Building Size
9,568 SF
Listing Agency:
Philadelphia Office
Listed By:
Nick Geaneotes · License #License(s): PA: RS350464
(215) 531-7071
Source:
Marcusmillichap
Added: Jun 17
Changed: Oct 7
Last Checked: Oct 12 at 4:45PM
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 Philadelphia Office
Investment Insights
Based on property information with market context.
This offering is an absolute triple-net (NNN) retail investment property presented as a depreciable asset. The property is identified as a storefront and specialty-type commercial real estate building, and it is being sold with a recent lease extension already in place.
The subject property is located at 400 South 6th Street in Reading, Pennsylvania. It is sized at 9,568 square feet, providing a dedicated retail building footprint for an NNN arrangement.
For buyers seeking an NNN structure, this configuration shifts many operating responsibilities to the tenant under an absolute NNN framework, which can simplify owner involvement compared with gross or modified gross leases. With the recent lease extension noted in the remarks, the property is also positioned for continuity of occupancy within the terms of the existing tenant relationship. The asset’s NNN classification and depreciable presentation are key considerations for investors evaluating purchase and holding strategy.
The subject property is located at 400 South 6th Street in Reading, Pennsylvania. It is sized at 9,568 square feet, providing a dedicated retail building footprint for an NNN arrangement.
For buyers seeking an NNN structure, this configuration shifts many operating responsibilities to the tenant under an absolute NNN framework, which can simplify owner involvement compared with gross or modified gross leases. With the recent lease extension noted in the remarks, the property is also positioned for continuity of occupancy within the terms of the existing tenant relationship. The asset’s NNN classification and depreciable presentation are key considerations for investors evaluating purchase and holding strategy.
Key Highlights
- Built in 2016
- Absolute NNN retail asset
- Recent lease extension reported
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,014
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,940,280
$1.9M
Cap Rate 7%
$1,385,914
$1.4M
Cap Rate 9%
$1,077,933
$1.1M
Market Conditions
NOI Build-Up for 9,568 SF
Gross rent
$144.7K $15.12/SF
− Vacancy
−$6.1K −$0.64/SF
EGI
$138.6K $14.48/SF
− OpEx
−$41.6K −$4.35/SF
NOI
$97.0K $10.14/SF
Area
Berks County, PA
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,940,280
Cap Rate 7%
$1,385,914
Cap Rate 9%
$1,077,933
Alternative Uses
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $97,014 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,948 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,843
Businesses Nearby
Explore this area
Business Placement
Demographics for 19602, PA
19,782
Population
7,907
Households
2.5
Avg Household Size
32
Median Age
11%
College-Educated
71%
High-School Grad
2.0 sq mi
ZIP Area
9,891
Density / Sq Mi
$38,179
Median Household Income
$30,848
Median Earnings
$978
Median Rent
$73,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN retail asset with a recent lease extension, positioned for long-term ownership under a passive structure.
Where is this nnn property located?
The property is located at 400 S 6th St Reading, PA.
What is the asking price?
The asking price for this property is $1,728,841.
What are key features of this property?
This property features: Built in 2016; Absolute NNN retail asset; Recent lease extension reported
