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 Features for 400 South 6th Street
General Information
- Standard status
- Active
- Size
- 9,568 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2016
Listing office Marcus & Millichap - Philadelphia
Listing date Jun 15, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
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
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 | $144.7k | $15.12 |
| − Vacancy | −$6.1k | −$0.64 |
| EGI | $138.6k | $14.48 |
| − OpEx | −$41.6k | −$4.35 |
| NOI | $97.0k | $10.14 |
