3812 Easton-Nazareth HwyEaston, PA 18045

For Sale
$5,491,000

100% Leased, Prime Easton Location

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • Prime Easton, PA location: Fully leased 14,041 SF strip center on high-traffic Easton-Nazareth Highway (18,000 VPD), near State Route 33 (63,000 VPD).
  • Major nearby developments: Proximity to significant ongoing commercial development, including over 1.7M SF of new Class A distribution space.
  • Strong retail corridor: Surrounded by numerous national retailers, indicating a robust retail environment.
  • High-performing tenant: Beyond/Hello ranks in the top 86th percentile nationally (Placer.ai).
  • Affluent demographics: 5-mile radius boasts over 128,000 residents, 47,000+ households, and an average household income exceeding $118,000.

Property Details for 3812 Easton-Nazareth Hwy

Property type
Other retail properties, Individual retail properties
Square Feet
14,041 SF
Year Built
2009
Buildings
1
Stories
1
Lot Size (sq. ft)
72,310 SF

Location Insight

City
Easton
County
Northampton
State
Pennsylvania
Latitude
40.7184629
Longitude
-75.2890331
3812 Easton-Nazareth Hwy, Easton, Pennsylvania

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3812 Easton-Nazareth Hwy
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