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2190 East High Street, Pottstown, PA 19464

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
SW
PA PA RS329242
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia
$4,465,193
4 days on market
Updated 4 days ago

Landis Supermarket

Details
Property Type Retail
Sub Type Grocery Store, Storefront (+1)
Square Footage 37,565
Units 2
Cap Rate 7.00%
NOI $312,564
Occupancy 100%
Tenancy Multi
Year Built 1997
Acreage 1.490
Zoning SC
Investment Type Stabilized
Ground Lease No

GROCERY ANCHORED CENTER | LONG TERM LEASES

Investment highlights

GROCERY ANCHORED CENTER | Landis Supermarket, founded in 1938 with 4 Pennsylvania locations, has operated at this site for 10+ years, demonstrating long-term commitment and proven performance at the location.

LONG-TERM LEASE SECURITY | Boasts a Weighted Average Lease Term (WALT) of over 9.7 years, providing long-term stability.

STRONG REAL ESTATE FUNDAMENTALS | 1.5 acres with approximately 37,000 SF of rentable space along Pottstown’s primary commercial corridor.

POTTSTOWN NEW DEVELOPMENTS | Directly benefits from the $25M Lastick Building Mixed-Use redevelopment and the city’s “Western Gateway” streetscape project, including new lighting, signage, and bike racks along High Street.

DENSE STUDENT POPULATION | Proximate to Montgomery County Community College – West Campus (2,200 students) and Pottsgrove School District (3,000 students).

Listing Contacts

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
SW
PA PA RS329242
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$312,564.00
$26,047.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Timothy Stephenson
License
PA RMR006104
Title
Broker of Record
Name
Derrick Dougherty
License
PA RS305854
Brokerage Phone
2155317026
Title
PA
Name
Scott Woodard
License
PA RS329242
Brokerage
Marcus & Millichap
Brokerage Phone
2155317000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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