Current Use by Public Records
- Lifestyle centers
Property Details for 106 Plz 611 Ln
- Lot size
- 1.64 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 8,003 square foot, 100% occupied shopping center in Stroudsburg, PA, offers a compelling investment opportunity. The property features three national tenants: Mattress Warehouse, Lendmark Financial Services, and Elegant Bridal Boutique, all under NNN leases with an average remaining term of five years and lease options. The property boasts a strong NOI of $188,020, resulting in an 8.00% cap rate and a price per square foot of $293.64. Located on a 1.64-acre lot at 106 Plaza 611 Ln, the center benefits from its prime location along a major retail corridor with high vehicle traffic (over 19,700 VPD on Route 611 and over 63,500 VPD on nearby Interstate 80). The area demonstrates strong retail performance, with several top-performing national chains nearby. Further enhancing the property's value is the proximity to St. Luke's Hospital Monroe Campus, currently undergoing a significant expansion. Rent bumps are included in the option periods. The asking price is $2,350,000. This fee-simple ownership offers a stable, high-performing investment in a thriving retail market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stroudsburg
- County
- Monroe
- State
- Pennsylvania
- Longitude
- -75.259
- Latitude
- 40.9994
