Mid-Towne Plaza | North Apollo, PA

For Sale

Mid-Towne Plaza | North Apollo, PA

Asking Price: $2,043,383 | Cap Rate: 10%

• Net Operating Income: $204,338
• Weighted Avg. Lease Term (WALT): 4.41 Years
• Lease Type: Modified Gross

Property Highlights

• Stabilized Investment Opportunity; 92% leased shopping center, with 2 vacant contiguous suites totaling +/- 2,500 square feet providing immediate upside for a new owner
• Strong Historical Occupancy; Three of the five tenants have been operating at the center since 2011 or earlier showing the tenants long term commitment to this site
• Mark to Market Rents; The next owner has the opportunity to increase rents by converting leases from Gross to NNN leases and increasing rents to market rates
• Established Anchor Tenant; The Salvation Army ranks in the top 75% in Pennsylvania and has nearly 6,000 visits a month bringing great traffic flow to the center