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Lowe's Anchored | New 15yr Extension 1112-1140 Town Square Rd

134,582 SF 88% Leased 4-Star Retail Building Pottstown, PA 19465 $18,333,000 ($136/SF) 5.40% Cap Rate

Investment Highlights

  • Lowe’s Anchored | Anchor Recent Brand New 15-Year Extension
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access
  • National/Credit Tenant Presence | Crossover Retail Exposure
  • Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS Capital Markets Group is pleased to offer the opportunity to acquire the Leased Fee interest (land ownership) in a NNN Ground Leased, anchor of the Town Square Plaza, Lowe’s investment property located in Pottstown, Pennsylvania. The tenant, Lowe’s Home Centers, LLC recently extended their lease 15 years with further 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features variable increases beginning year 7 in the initial term and at the third extended term period, steadily growing NOI and hedging against inflation.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
134,582 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2005
Price
$18,333,000
Price Per SF
$136
Cap Rate
5.40%
NOI
$990,000
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
37.41 AC
Zoning
I1 - Planned Commercial
Parking
459 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
1,963 FT on Pottstown Pike

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Lowe’s has grown from a small-town hardware store in North Carolina to one of the largest home improvement retailers in the world. They have a rich heritage of putting the people they serve at the heart of everything they do. The people they serve are at the heart of everything they do. Their associates have deep home improvement experience and training, and can give them the expert advice they need to do their project right. From urgent repairs to their dream remodel, they designed their business to be there when they need them most.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 3,200 SF
  • Retail
  • -
  • Now

Come join Lowes, AT&T, Rite Aid, Longhorn Steakhouse and Petsmart to name a few! Multiple suites available (3,200 S/F, 1,200 S/F, 21,562 S/F). Located on heavily traveled Rt. 100. Minutes from the Coventry Mall, Philadelphia Premium Outlets and Rt. 422.

  • 12
  • 3,064 SF
  • Retail
  • -
  • Now
  • 3
  • 1,200 SF
  • Retail
  • -
  • Now
  • 8
  • 21,000 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 3,200 SF Retail - Now
12 3,064 SF Retail - Now
3 1,200 SF Retail - Now
8 21,000 SF Retail - Now

1st Floor

Size
3,200 SF
Space Use
Retail
Position
-
Available
Now

12

Size
3,064 SF
Space Use
Retail
Position
-
Available
Now

3

Size
1,200 SF
Space Use
Retail
Position
-
Available
Now

8

Size
21,000 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 3,200 SF
Space Use Retail
Position -
Available Now

Come join Lowes, AT&T, Rite Aid, Longhorn Steakhouse and Petsmart to name a few! Multiple suites available (3,200 S/F, 1,200 S/F, 21,562 S/F). Located on heavily traveled Rt. 100. Minutes from the Coventry Mall, Philadelphia Premium Outlets and Rt. 422.

Nearby Major Retailers

LongHorn Steakhouse
WW

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 20-004-0130.0000
  • 20-004-0161.0000
  • 17-003-0243.0000
Land Assessment
$859,740
Improvements Assessment
$8,464,600
Total Assessment
$9,324,340
  • Listing ID: 31127122

  • Date on Market: 3/5/2024

  • Last Updated:

  • Address: 1112-1140 Town Square Rd, Pottstown, PA 19465

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