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Shopping Strip

Bethlehem Village Shoppes

3650 Nazareth Pike, Bethlehem, PA 18020

Listing Price: $6,677,007

Cap Rate
6.50%
Gross SF
31,550
Rentable SF
31,550
Price/Gross SF
$211.63
Lot Size
8.68 acres
Year Built
1989

Investment Overview

» Long Term Commitment | AutoZone (25% GLA) with 10+ Years Lease Term Remaining » Successful Tenants | AutoZone and H&R Block Combined Revenue of $15+ Billion » Minimal Responsibilities | 92% of Tenants have NNN Leases » Investment-Grade Tenants | AutoZone and H&R Block are Publicly Traded on NYSE with BBB (S&P) Investment-Grade Credit Ratings » New Development | Wawa Set to Move into Parcel Adjacent to Subject Property » Immense Academic Presence | Located within 2 miles of 11,000+ Students » Desirable trade Area | 140K+ Residents within 5-miles and $110K Average Household Income in Trade Area » Commercial Corridor | Giant, Dollar Tree (Top 25% in the U.S.), T.J. Maxx (Top 35% in PA), Walmart, and Home Depot within 0.5 miles » Spending Growth | Expected 11% Increase in Consumer Spending within the next five years within a 5-mile radius » Economic Drivers | Lehigh Valley Health Network – Muhlenberg (195+ Beds) & St. Luke’s Hospital (165+ Beds) within a 5-mile radius

Investment Highlights

  • Incredible Anchor Tenant | AutoZone Corporate Guaranteed Lease with 10 Years Remaining
  • Auto Zone Executed a brand-new lease early 2022 | AutoZone is set to open July 2022
  • Ample Parking | 160+ Parking Spaces on Property
  • Route Proximity | Within 0.5 miles of Route 22 On/Off ramp
  • Top Performing Retail | Adjacent to Top 20% Shopping Center in the US (Bethlehem Sq.)
  • Prestigious Location | Lehigh Valley Ranked in the Top 100 Best Places to Live in the Country by U.S. News & World
  • Walt of 4.6 Years | 56.35% of total GLA expiring in 2025 or Beyond

Exclusively Listed By

Shopping Strip

Bethlehem Village Shoppes

Listing Price: $6,677,007

Cap Rate
6.50%
Gross SF
31,550
Rentable SF
31,550
Price/Gross SF
$211.63
Lot Size
8.68 acres
Year Built
1989

Investment Highlights

  • Incredible Anchor Tenant | AutoZone Corporate Guaranteed Lease with 10 Years Remaining
  • Auto Zone Executed a brand-new lease early 2022 | AutoZone is set to open July 2022
  • Ample Parking | 160+ Parking Spaces on Property
  • Route Proximity | Within 0.5 miles of Route 22 On/Off ramp
  • Top Performing Retail | Adjacent to Top 20% Shopping Center in the US (Bethlehem Sq.)
  • Prestigious Location | Lehigh Valley Ranked in the Top 100 Best Places to Live in the Country by U.S. News & World
  • Walt of 4.6 Years | 56.35% of total GLA expiring in 2025 or Beyond

Investment Overview

» Long Term Commitment | AutoZone (25% GLA) with 10+ Years Lease Term Remaining » Successful Tenants | AutoZone and H&R Block Combined Revenue of $15+ Billion » Minimal Responsibilities | 92% of Tenants have NNN Leases » Investment-Grade Tenants | AutoZone and H&R Block are Publicly Traded on NYSE with BBB (S&P) Investment-Grade Credit Ratings » New Development | Wawa Set to Move into Parcel Adjacent to Subject Property » Immense Academic Presence | Located within 2 miles of 11,000+ Students » Desirable trade Area | 140K+ Residents within 5-miles and $110K Average Household Income in Trade Area » Commercial Corridor | Giant, Dollar Tree (Top 25% in the U.S.), T.J. Maxx (Top 35% in PA), Walmart, and Home Depot within 0.5 miles » Spending Growth | Expected 11% Increase in Consumer Spending within the next five years within a 5-mile radius » Economic Drivers | Lehigh Valley Health Network – Muhlenberg (195+ Beds) & St. Luke’s Hospital (165+ Beds) within a 5-mile radius

Exclusively Listed By

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