106 Plz 611 LnStroudsburg, PA 18360

Property Details for 106 Plz 611 Ln

Lot size

1.64 AC

Property size (Sq ft)

8,003 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 8,003 square foot, 100% occupied shopping center in Stroudsburg, PA, offers a compelling investment opportunity. The property features three national tenants: Mattress Warehouse, Lendmark Financial Services, and Elegant Bridal Boutique, all under NNN leases with an average remaining term of five years and lease options. The property boasts a strong NOI of $188,020, resulting in an 8.00% cap rate and a price per square foot of $293.64. Located on a 1.64-acre lot at 106 Plaza 611 Ln, the center benefits from its prime location along a major retail corridor with high vehicle traffic (over 19,700 VPD on Route 611 and over 63,500 VPD on nearby Interstate 80). The area demonstrates strong retail performance, with several top-performing national chains nearby. Further enhancing the property's value is the proximity to St. Luke's Hospital Monroe Campus, currently undergoing a significant expansion. Rent bumps are included in the option periods. The asking price is $2,350,000. This fee-simple ownership offers a stable, high-performing investment in a thriving retail market.

Location Insight

City

Stroudsburg

County

Monroe

State

Pennsylvania

Latitude

40.9994

Longitude

-75.259

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