MLS® ID: 590550
3143 William Penn
Palmer Twp, Pennsylvania, 18045 $4,550,000
Lehigh Valley Investment property located in Palmer Township. This 32,310 SF retail building sits on 6.31 acres in a high traffic area. There are 4 tenants in the building: Planet Fitness (18,000SF), Easton Hospital (5,300 SF), Lets Speak Dog (3,000 SF), and Keystone Heights (2,000 SF). All lease provide for common area maintenance recapture on a pro-rata basis. There is a substantial increase in cash flow in year 5 due to increases in rental rate for Planet Fitness.