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Shopping Neighborhood

Bartonsville Square - Strip

400 Commerce Blvd, Stroudsburg, PA 18360

Listing Price: $9,600,000

Cap Rate
7.59%
Gross SF
27,313
Rentable SF
27,313
Price/Gross SF
$351.48
Lot Size
3.27 acres
Year Built
2013

Investment Overview

Bartonsville Square is a prominent 77,263 square foot community shopping center well positioned at the interchange convergence of multiple major roadways in the tourist destination of Stroudsburg, Pennsylvania. The shopping center is comprised of two distinct pieces: A single tenant Dick’s Sporting Goods on a separately subdivided 5.15 acre parcel with its own parking grid, and a separate 3.27 acre parcel that includes a 6,000 square foot restaurant and a 21,313 square foot strip. The properties are offered individually or as a portfolio.

Developed in 2013/2014 as part of master-planned 66 acre development that comprised of a St Luke's Hospital, a Lehigh Valley Health Office Complex, and a 100 room Hampton Inn & Suites, Bartonsville Square was part of an economic renaissance of a thriving Route 611 commercial corridor. The shopping center is positioned primarily with health & wellness tenants including Ulta Beauty, Hand & Stone and Vitamin Shoppe among others. The only space to come available in the past 7 years was previously occupied by Pet Valu which closed due to bankruptcy. Hand and Stone replaced them at a nearly 40% increase over the previous tenant’s rent, highlighting the strength and demand along this corridor.

Investment Highlights

  • 27,313 square foot shopping center well positioned at the interchange convergence of I-80, Rt-33 and Rt-611 with over 96,000 cars per day in Stroudsburg, PA
  • Positioned primarily with health & wellness tenants including Ulta Beauty, Hand & Stone and Vitamin Shoppe among others
  • Shadow anchored by a single tenant net lease Dicks Sporting Goods (available as part of a portfolio sale), and shadow anchored by St. Luke's Monroe Campus, one of the busiest hospitals in the region
  • Stroudsburg is a prominent tourist destination in the Pocono Mountains, attracting millions of visitors annually, just 90 minutes from New York City and Philadelphia

Exclusively Listed By

  • John P. Colussi

    First Vice President Investments

    (215) 531-7008

    Email John

    License(s): PA: RS330342, NJ: 2220491

    Philadelphia

  • Brad Nathanson

    Senior Managing Director Investments

    (215) 531-7005

    Email Brad

    License(s): PA: RS278775, NJ: 0674866

    Philadelphia

Shopping Neighborhood

Bartonsville Square - Strip

Listing Price: $9,600,000

Cap Rate
7.59%
Gross SF
27,313
Rentable SF
27,313
Price/Gross SF
$351.48
Lot Size
3.27 acres
Year Built
2013

Investment Highlights

  • 27,313 square foot shopping center well positioned at the interchange convergence of I-80, Rt-33 and Rt-611 with over 96,000 cars per day in Stroudsburg, PA
  • Positioned primarily with health & wellness tenants including Ulta Beauty, Hand & Stone and Vitamin Shoppe among others
  • Shadow anchored by a single tenant net lease Dicks Sporting Goods (available as part of a portfolio sale), and shadow anchored by St. Luke's Monroe Campus, one of the busiest hospitals in the region
  • Stroudsburg is a prominent tourist destination in the Pocono Mountains, attracting millions of visitors annually, just 90 minutes from New York City and Philadelphia

Investment Overview

Bartonsville Square is a prominent 77,263 square foot community shopping center well positioned at the interchange convergence of multiple major roadways in the tourist destination of Stroudsburg, Pennsylvania. The shopping center is comprised of two distinct pieces: A single tenant Dick’s Sporting Goods on a separately subdivided 5.15 acre parcel with its own parking grid, and a separate 3.27 acre parcel that includes a 6,000 square foot restaurant and a 21,313 square foot strip. The properties are offered individually or as a portfolio. Developed in 2013/2014 as part of master-planned 66 acre development that comprised of a St Luke's Hospital, a Lehigh Valley Health Office Complex, and a 100 room Hampton Inn & Suites, Bartonsville Square was part of an economic renaissance of a thriving Route 611 commercial corridor. The shopping center is positioned primarily with health & wellness tenants including Ulta Beauty, Hand & Stone and Vitamin Shoppe among others. The only space to come available in the past 7 years was previously occupied by Pet Valu which closed due to bankruptcy. Hand and Stone replaced them at a nearly 40% increase over the previous tenant’s rent, highlighting the strength and demand along this corridor.

Exclusively Listed By

  • John P. Colussi

    First Vice President Investments

    (215) 531-7008

    Email John

    License(s): PA: RS330342, NJ: 2220491

    Philadelphia

  • Brad Nathanson

    Senior Managing Director Investments

    (215) 531-7005

    Email Brad

    License(s): PA: RS278775, NJ: 0674866

    Philadelphia

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