460 - 472 Shrewsbury Commons Avenue

460 - 472 Shrewsbury Commons Avenue, Shrewsbury, PA 17361

For Sale: $3,313,013.17

5,500 SF

460 - 472 Shrewsbury Commons Avenue

460 - 472 Shrewsbury Commons Avenue, Shrewsbury, PA 17361

For Sale: $3,313,013.17

5,500 SF

  • 460 – 472 Shrewsbury Commons Avenue

Property Details


Building Size:

5,500 SF

Property Type:

Strip Center

Price:

$3,313,013.17

Sale Type:

Multi Tenant

Tenancy:

Multi

Cap Rate:

6%

NOI:

$198,780,79

Traffic Counts:

East Forrest Avenue: 19,000 VPD
I-83: 38,000 VPD

Population:

3 Miles: 13,327
5 Miles: 28,990
7 Miles: 41,557

Building Status:

Existing

Project Description


Four tenant retail building situated right in front of the recently renovated Wal-Mart Supercenter, along East Forrest Avenue (Route 841) right off of Interstate 83.

Tenants include; T-Mobile, Jersey Mike’s, Rita’s & Hanna Cleaners. All of the Tenants are under long term lease agreements which provides a buyer stable income.

The site is in close proximity to other national retailers including, Wal-Mart, Giant, Home Depot, GameStop, Starbucks, McDonald’s, and Verizon Wireless, just to name a few.

Shrewsbury is a solid, growing market with strong demographics and solid traffic counts.

Property Location:



460 Shrewsbury Commons Avenue, Shrewsbury, PA, USA

Brokers

Brad Rohrbaugh

Brad Rohrbaugh

Executive VP, Retail Director
717.843.5555

717.891.7368

brohrbaugh@bennettwilliams.com

Chad Stine
President & CEO 717.843.5555

717.968.7505

cstine@bennettwilliams.com

Dave Nicholson

Retail Sales & Leasing Executive
717.843.5555 x264

717.880.9611

dnicholson@bennettwilliams.com

More Info