Cap Rate
7.5%
NOI
$601,925
Property Type
Mixed-Use
LEAD LISTING AGENT
Email
ed.laycox@matthews.com
License No.
BR98373888 (DC)
Direct
+1 (332) 232-9404
Mobile
+1 (202) 236-6868
INVESTMENT HIGHLIGHTS
Over 8 Years Remaining | Scheduled Rental Increases | Options to Extend | NNN Lease | Condominium Interest
- The tenant, Easton Arts Academy Elementary Charter School, Inc., recently exercised its first 7-year option to extend the lease through August 2031, demonstrating their commitment to the site
- 3 additional 7-year options to extend, with the next option period commencing automatically upon state charter renewal (contact agent for details)
- The lease features 3% rental increases every 5 years starting in August 2026 and continuing throughout the option periods thereafter, growing NOI and hedging against inflation
- Tenant pays pro-rata share of operating expenses
- Ideal, low-management investment opportunity for a passive investor
Historic Downtown Easton | Highly-Walkable Location | Nearby National/Credit Tenants and Family-Friendly Attractions
- Ideally situated in the heart of Easton’s Historic Downtown, with a wide range of nearby businesses and local attractions including parks and museums
- Walk Score® of Walker’s Paradise (94/100)
- Nearby direct on off/ramp access to Interstate 78 a major thoroughfare averaging over 68,000 vehicles per day
- Nearby national/credit retail tenants include Family Dollar, CVS, Giant, TheHome Depot, Grocery Outlet, Rite Aid, Petco, and many more
Direct, Affluent Consumer Base | Strong Demographics in 5-Mile Trade Area
- The 5-mile trade area is supported by over 125,000 residents and 45,000 employees, providing a direct consumer base from which to draw
- Residents within 5 miles of the subject property boast an affluent average household income of $102,000
Broker of Record
- Kyle Matthews
- License No. RB068831 (PA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203