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3045 N. 5th StreetMuhlenberg, PA 19605
Penn Plaza
Asset ClassRetail
Square Feet179,629
% Leased: 91.2%Year Renovated: 2023Parking Spaces: 1.09 K SpacesAccess Data Room
Auction
overview of deal

Overview

TSCG, acting as exclusive agent on behalf of the Owner, is proud to offer for sale a 100% interest in Penn Plaza (the “Property”) in Muhlenberg (Reading), Berks County, Pennsylvania. Penn Plaza is located along N. 5th Street (Business Highway 222) just north of Reading. The Property totals 179,629 square feet of gross leasable area (“GLA”) and is 91.2% leased to a diverse assortment of national, regional and beloved local tenants.

 

Penn Plaza comprises a renovated anchor building with Restaurant Depot and Nova Trampoline on new long-term leases; a multi-tenant inline building with a high performing Dollar Tree, and four outparcels. The Property benefits from strong shadow anchors including Burlington, dense infill demographics, strong traffic counts, a signalized main entrance and multiple access points.

 

The Penn Plaza investment is an opportunity to acquire a well-positioned retail center in Southeastern Pennsylvania with dense, stable demographics and upside potential.

 

Please click here for PENN PLAZA auction website!

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Investment Highlights

  • Upside Potential
  • Renovated Anchor Box - New Long-Term Tenancy
  • Well Seasoned Tenant Roster
  • Highly Trafficked Corridor
  • Dense Infill Demographics
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3045 N. 5th StreetMuhlenberg, PA 19605

Listing Presented By

Lynn De MarcoPartner/Sr. Managing Director of Investment Sales

License #: 40DE1097567

646.664.0413lynn.demarco@tscg.com
Steve GillmanPartner

License #: RMR002050

646.664.0413steve.gillman@tscg.com
Nick BuetiFinancial Analyst860.651.4000nick.bueti@tscg.com
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Listing provided by Revere CRE