3812 Easton-Nazareth Hwy, Easton, PA 18045

Property Details for 3812 Easton-Nazareth Hwy

Year built

2009

Lot size

1.66 lot acres

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

This exceptional investment opportunity presents a fully leased, 14,041 square foot strip center in Easton, Pennsylvania. Located at 3812 Easton-Nazareth Highway, this single-story, 2009-built property sits on a 1.66-acre lot and boasts four national credit-rated tenants: T-Mobile, Mattress Warehouse, UPS Store, and Beyond/Hello. The property benefits from a high-traffic location on Easton-Nazareth Highway (18,000 vehicles per day) and proximity to State Route 33 (63,000 vehicles per day), ensuring excellent visibility and accessibility. All tenants operate under triple-net (NNN) leases, offering significant long-term stability. Three leases include a guarantor, further mitigating risk. The leases have an average of seven years remaining and include rent bumps in the option periods, providing future income growth. The asking price is $5,491,000, representing a 7.35% cap rate and a NOI of $403,583. The strong tenant mix, coupled with the affluent demographics of the surrounding area (over 128,000 population, over 47,000 households, and an average household income exceeding $118,000), makes this a compelling investment. The area is experiencing significant commercial development, including the Park 33 and Carson 33 projects, further enhancing the long-term value of this property. Beyond/Hello's performance ranks in the top 86th percentile nationally, and other nearby retailers also show strong performance metrics. This is a fee simple condominium ownership opportunity with excellent potential for long-term returns.

Location Insight

City

Easton

County

Northampton

State

Pennsylvania

Longitude

-75.289

Latitude

40.7185