Cap Rate: 5.75%
Net Operating Income: $1,651,107
Total Square Footage: 106,616
Lot Size: 12.58 AC
Market: Monroe County
The subject is a multi-tenant shopping center located in northeastern Pennsylvania. This property is anchored by a Price Chopper supermarket, and benefits from a strong mix of national and regional tenants. Other tenants include Rite-Aid, Lehigh Valley Health Network - the leading healthcare provider in the region, along with Pocono Urgent Care - a family run medical office providing care to the community. This property benefits from long-term leases from Price Chopper and Rite Aid, as well as excellent “community demographics” proving this location to be a staple for the local population.
Stroudsburg is a borough in Monroe County, Pennsylvania, United States. It is in the state’s Poconos region, approximately five miles from the Delaware Water Gap, at the confluence of the Brodhead, McMichaels and Pocono Creeks. It is in northeastern Pennsylvania. It is also the county seat of Monroe County. Stroudsburg is part of the East Stroudsburg, PA Metropolitan Statistical Area, which in turn is part of the New York combined statistical area. The population was 5,927 at the 2020 census.