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 (S&P: B) 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. Dick’s Sporting Goods is an original tenant here, and last year recommitted to this location with a 5-year extension. Dick’s Sporting Goods pays a triple net rent, paying all property taxes directly to the taxing authority and reimbursing their share of other expenses to the owner of the adjacent strip center who will continue to maintain the common area of both parcels. 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. This corridor runs through the Pocono Mountains, making it a prime tourist destination for visitors from Philadelphia and New York City, both approximately 90 minutes away. Further, this site benefits from the mountainous topography of the area, creating a natural barrier that limits new retail development along Rt-611, the main commercial corridor through Stroudsburg. This single-tenant, net-leased Dick’s Sporting Goods offers a rare opportunity to own a passive investment with an S&P-rated credit tenant in a prime Lehigh Valley submarket, just eight miles from the New Jersey border.