Recent Lease Extension | Long-Term Commitment
- Family Dollar recently extended its lease, demonstrating long-term commitment to the site
- Close to 10 years of remaining lease term provide durable cash flow visibility
Built-In NOI Growth
- Lease includes 10% rental increases every 5 years during the base term
- Continued 10% increases throughout all remaining 5-year option periods
Strong Site Performance | Top 30% Nationwide Location
- Property ranks in the top 30% of locations nationally based on annual visits
- Demonstrates strong and consistent customer traffic levels at the site
Absolute NNN Lease Structure | Passive Investment
- Tenant is responsible for taxes, insurance, and maintenance
Fee Simple Ownership | Tax Depreciation
- Tax depreciation benefits enhance investor value
- Fee simple ownership offers long-term control of the underlying real estate
4th Largest City in PA | Dense Population
- Positioned along South 6th Street with approximately 13,000 combined vehicles per day
- Serves nearly 212,000 residents within a 5-mile radius in Allentown
Strong Traffic & Regional Connectivity | Primary Commuter Corridors
- Direct access to US Route 422 (40K VPD) and US Route 222 (37K VPD)
- Connecting Reading, Wyomissing, Lancaster, and Allentown
Growth Market | Expected Population Growth
- Surrounding population projected to continue growing over the next five years
- Expanding consumer base supports long-term retail demand and tenant performance
Positive Tenant Outlook
- Family Dollar generated approximately $13 billion in revenue in fiscal year 2025
- Reported 2.5% comparable sales growth and projects continued positive growth in 2026
Strong Healthcare & Education Presence | Stable Daytime Population Drivers
- Near Reading Hospital, a 697-bed teaching hospital within the Tower Health network employing 10,000+ employees systemwide
- Proximity to Alvernia University with approximately 3,000 students
- Nearby Exeter Township Senior High School enrolls approximately 1,300 students
Established Retail & Entertainment Corridor | Regional Shopping & Event Destinations
- Located near Downtown Reading and the dominant Wyomissing retail trade area
- Proximity to Berkshire Mall and the Mt. Penn retail corridor
- Minutes from Santander Arena, an 8,800-seat venue that has hosted more than 2,800 events driving consistent regional traffic