3650 NAZARETH PIKE Bethlehem PA 18020-1115

Colliers International, as exclusive agent of the Seller, is pleased to offer for sale to qualified investors the general purpose, open-air, neighborhood shopping center known as Bethlehem Village Shoppes with an address at 3650 Nazareth Pike, Bethlehem PA 18020. The offered price is $4,850,000 which is approximately $154 per square of GLA at an 8% cap rate. The Property is well maintained, offers extensive frontage on busy Nazareth Pike, and is located less than a mile from US Route 22 which accommodates an astounding 66,000 vehicles per day. Recent leases with Bethlehem Township’s District Justice, Justice Grown and Epic Staffing Solutions have improved the Property’s occupancy to 85%. This Offering is an opportunity for the astute investor to acquire at less than replacement cost a renovated, stabilized, cash flowing shopping center in the booming Lehigh Valley with upside from the remaining available storefronts.

The Owner is in the final stages of its application for an Act 2 Release of Liability for the property from the Pennsylvania Department of Environmental Protection (PADEP) relating to a former dry cleaning tenant. The Buyer will have no liability to PADEP regarding the discharged waste. The Owner will be the responsible party for completing the required actions per an agreement already negotiated with PADEP.

• € Anchored by Northampton County District Magistrate, Justice Grown cannabis dispensary and H&R Block
• € Dense residential area with 2018 three-mile population of 57,551
• € Strong retail corridor with national, regional and local stores
• € Solid traffic count on Nazareth Pike at 27,000 VPD
• € 400 feet of frontage
• € Less than one mile to US Route 22 (66,000 VPD)
• € Extensive façade renovation in 2012
• € Roof and rooftop HVAC units in good condition
• € Large, double-sided pylon sign and tenant directory on Nazareth Pike