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2190 E High StPottstown, PA 19464
Landis Supermarket
Asset ClassRetail
Deal Size$4.6 M
Cap Rate: 6.75%Occupancy: 100%Square Feet: 37,565Access Data Room
Grocery Anchored Center | Long Term Leases | Institutional Corridor
overview of deal

Overview

This grocery-anchored center is anchored by Landis Supermarket, which has operated at the property for over 10 years, and offers strong lease security with a 9.7-year WALT. The ±37,000-square-foot center sits on 1.5 acres along East High Street with direct access to U.S. Route 422 and is surrounded by national retailers including Aldi, Costco, Wawa, and Home Depot, as well as Pottstown Hospital. The property benefits from nearby Montgomery County Community College - West Campus, ongoing redevelopment, and strong demographics, with over 99,000 residents and $108,000+ average household income within five miles.

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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.

 

VISIBILITY & ACCESSIBILITY

Prominent frontage and signage along East High Street with 15,000 VPD and immediate access to U.S. Route 422 (48,000 VPD - Pottstown Expressway).

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2190 E High StPottstown, PA 19464

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