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22472820
22472819

30 N 4th St, Easton, PA 18042

EL
PA ABR006599, VA VA 0225094421 (+4)
Matthews
Listed by Matthews
$7,300,000
437 days on market
Updated 51 days ago
Opportunity zone

Easton Arts Academy

Details
Property Type Office, Retail
Sub Type Day Care/Nursery
Square Footage 34,000
Cap Rate 8.25%
NOI $602,250
Occupancy 100%
Tenancy Single
Lease Type NNN
Class B

Low-management investment opportunity for passive investor | NNN Lease | Condominium Interest

Marketing description

Matthews Real Estate Investment Services™ is pleased to present the opportunity to acquire the condominium interest in Easton Arts Academy, a K-5 charter school specializing in arts education, located in the highly walkable Historic Downtown of Easton, Pennsylvania, within the Allentown MSA.

Investment highlights

Over 8 Years Remaining | Scheduled Rental Increases | Options to Extend | NNN Lease | Condominium Interest
• The tenant, Easton Arts Academy Elementary Charter School, Inc., recently exercised its first 7-year option to extend the lease through August 2031, demonstrating their commitment to the site
• 3 additional 7-year options to extend, with the next option period commencing automatically upon state charter renewal (contact agent for details)
• The lease features 3% rental increases every 5 years starting in August 2026 and continuing throughout the option periods thereafter, growing NOI and hedging against inflation
• Tenant pays pro-rata share of operating expenses
• Ideal, low-management investment opportunity for a passive investor Historic Downtown Easton | Highly-Walkable Location | Nearby National/Credit Tenants and Family-Friendly Attractions
• Ideally situated in the heart of Easton’s Historic Downtown, with a wide range of nearby businesses and local attractions including parks and museums
• Walk Score® of Walker’s Paradise (94/100)
• Nearby direct on off/ramp access to Interstate 78 a major thoroughfare averaging over 68,000 vehicles per day
• Nearby national/credit retail tenants include Family Dollar, CVS, Giant, TheHome Depot, Grocery Outlet, Rite Aid, Petco, and many more Direct, Affluent Consumer Base | Strong Demographics in 5-Mile Trade Area
• The 5-mile trade area is supported by over 125,000 residents and 45,000 employees, providing a direct consumer base from which to draw
• Residents within 5 miles of the subject property boast an affluent average household income of $102,000

Listing Contacts

EL
PA ABR006599, VA VA 0225094421 (+4)
Matthews
Listed by Matthews

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$602,250.00
$50,187.50/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

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Additional Information

Name
Kyle Matthews
License
CQ1066435 (FL)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
866.889.0550
Title
Broker of Record
Brokerage Address
1600 West End, Ste. 1500 Nashville, TN 37203
Name
Ed Laycox
License
ABR006599
Brokerage
Matthews
Title
Executive Vice President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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