51 Spg Vly Rd Reading, PA 19605-2956
- Manufacturing properties
- 90,245 SF
- 7.68 lot acres
Current Use by Public Records
- Bachman Co / Pretzel Store
Property Details for 51 Spg Vly Rd
- Year built
- 1930
- Lot size
- 7.68 lot acres
- Property size
- 90,245 SF
- Property type
- Manufacturing properties
- APN
- 5318-13-04-7892
- APU
- 531813047892
Description
This exceptional investment opportunity presents a 120,760-square-foot industrial property in Reading, Pennsylvania, currently occupied by a leading pretzel and snack food manufacturer under a new 15-year absolute triple-net (NNN) lease. The single-story building, situated on a 7.68-acre lot, features nine dock-high doors and 52 parking spaces. The property boasts a strategic location with convenient access to major thoroughfares like I-176 and I-78, offering significant logistical advantages. The lease includes annual rent escalations of 2%, providing a predictable and growing income stream. Zoned I-2 (Heavy Industrial), this facility is a mission-critical asset for the tenant, a well-established company with over 140 years of experience supplying major retailers. The current rent is significantly below market rates, representing a compelling value proposition for investors. The lease is structured with four 5-year renewal options, ensuring long-term stability. The property underwent renovations in 1993 and is a low-maintenance investment due to the NNN lease structure, where the tenant is responsible for all operating expenses. The property's APN is 66531813047892. This sale-leaseback transaction offers a secure, high-yield investment with substantial upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9159
- Latitude
- 40.3756
- CBSA code
- 39740
- CBSA name
- READING, PA METROPOLITAN STATISTICAL AREA
