520 Wyandotte StBethlehem, PA 18015

Property Details for 520 Wyandotte St

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a portfolio of two high-performing retail properties located in desirable Pennsylvania and Virginia markets. The portfolio comprises two strategically positioned assets, each boasting a strong tenant profile and attractive financial metrics. The first property, a Walgreens located at 2400 George Washington Memorial Highway in Yorktown, Virginia, 23693, is offered at $6,850,000. This location generates a base rent of $480,000 annually, resulting in a compelling 7% capitalization rate. The second property, a TD Bank situated at 520 Wyandotte Street in Bethlehem, Pennsylvania, 18015, is priced at $1,925,000. This asset provides a stable base rent of $100,000 per year, translating to a 5.2% capitalization rate. Both properties are triple net (NNN) leased, meaning the tenant is responsible for all operating expenses, minimizing landlord responsibilities and maximizing passive income potential. This portfolio offers a diversified investment strategy with established tenants in high-traffic areas, promising a secure and profitable return for the discerning investor. The combined asking price for this exceptional portfolio is $8,775,000. Detailed financial statements and lease agreements are available upon request.

Location Insight

City

Bethlehem

County

Northampton

State

Pennsylvania

Latitude

40.608

Longitude

-75.3858

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