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    Property profile & analytics
    OFF-MARKET Estimated value $6,410,000
    Outlet malls

    2520 Macarthur Rd, Whitehall, PA 18052-3815

    111,371 SF 9.71 ac lot Built 1994
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US73-1056775
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fee-simple interest in a 111,165-square-foot At Home retail property located at 2520 MacArthur Rd, Whitehall, PA 18052. The property, built in 2018 and situated on a 9.7-acre lot, is part of the MacArthur Towne Center, experiencing over 1.4 million annual visitors. The single-tenant, absolute NNN lease with At Home boasts a corporate guarantee, providing investors with significant long-term security. The lease commenced on March 28, 2019, and has a remaining term of 10.7 years, extending to July 31, 2035, with four five-year renewal options. Annual rent increases of 2% are built into the lease structure, ensuring consistent growth in cash flow. The property generates a Net Operating Income (NOI) of $737,610. Its prime location along MacArthur Blvd, a high-traffic area with over 41,000 vehicles per day, and its proximity to a high-performing Walmart and MacArthur Commons shopping center, further enhances its investment appeal. This offering provides over 11 years of passive income from a national retailer within a thriving retail environment. The property enjoys 100% occupancy since its opening date of March 28, 2019. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term growth potential.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1994
    Total area 111,371 SF
    Lot 9.71 ac (422,968 SF)
    Zoning code C-2
    APN 549845513598-1
    UPID US73-1056775
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $8.03M
    Blend (final) Blend
    $6.41M
    Owner & transaction history
    Spirit Realty LP · 7 yrs held
    Spirit Realty LP
    since 2019
    6 recorded transactions
    2019
    $10.4M
    2017
    $5.5M
    2017
    2017
    2005
    $17.0M
    1969
    Zoning & alternative use
    C-2 · Whitehall, PA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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