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51 Spring Valley RdReading, PA 19605

120,760 SF Food Manufacturing Facility

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 120,760-square-foot industrial property in Reading, Pennsylvania, currently occupied by a leading pretzel and snack food manufacturer under a new 15-year absolute triple-net (NNN) lease. The single-story building, situated on a 7.68-acre lot, features nine dock-high doors and 52 parking spaces. The property boasts a strategic location with convenient access to major thoroughfares like I-176 and I-78, offering significant logistical advantages. The lease includes annual rent escalations of 2%, providing a predictable and growing income stream. Zoned I-2 (Heavy Industrial), this facility is a mission-critical asset for the tenant, a well-established company with over 140 years of experience supplying major retailers. The current rent is significantly below market rates, representing a compelling value proposition for investors. The lease is structured with four 5-year renewal options, ensuring long-term stability. The property underwent renovations in 1993 and is a low-maintenance investment due to the NNN lease structure, where the tenant is responsible for all operating expenses. The property's APN is 66531813047892. This sale-leaseback transaction offers a secure, high-yield investment with substantial upside potential.

Highlights

  • 120,760 SF industrial building on a 7.68-acre lot in Reading, PA.
  • Sale-leaseback opportunity with a 15-year Absolute NNN lease to a leading pretzel manufacturer.
  • Single-tenant, 1-story building with 9 dock-high doors and 52 parking spaces.
  • Rent is $5.47 PSF, significantly below market, with 2% annual rent increases.
  • I-2 Heavy Industrial zoning.

Property Details for 51 Spring Valley Rd

Property type
Industrial properties, Manufacturing properties
Square Feet
120,760 SF
Year Renovated
1993
Buildings
1
Stories
1
Lot Size (sq. ft)
334,541 SF

Location Insight

City
Reading
County
Berks
State
Pennsylvania
Latitude
40.3755383
Longitude
-75.9165405
51 Spring Valley Rd, Reading, Pennsylvania

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51 Spring Valley Rd
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