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30 N 4th Street, Easton, PA, 18042

30 N 4th Street
$7,300,000

Key Information

Cap Rate
8.25%
Type
Apartments
NOI
$602,250

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

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203