Triple-Net Retail
For Sale
Contact for pricing
400 South 6th Street, 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 Market53
Property Features for 400 South 6th Street
General Information
Standard status
Active
Size
9,568 SF
Property subtype
Retail
Building Details
Year Built
2016
Listing Agency:
Marcus & Millichap - Philadelphia
Listed By:
Derrick Dougherty · License #PA RS305854
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 5 at 8:00AM
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 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 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 | $144.7k | $15.12 |
| − Vacancy | −$6.1k | −$0.64 |
| EGI | $138.6k | $14.48 |
| − OpEx | −$41.6k | −$4.35 |
| NOI | $97.0k | $10.14 |
9,568 SF · lease $15.12/SF/yr · vacancy 4.20% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,746
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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 South 6th Street 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
