Dunkin’ Anchored Retail Center | Signalized Corner | Two Drive Thru’s

Investment Highlights

• Value-Add Opportunity at 50% Occupancy and Immediate Upside | Anchored by Dunkin’
• Located in Retail Corridor at Signalized, Hard Corner Location with ±24K Vehicles Per Day Traffic Counts
• Strong Real Estate Fundamentals – 15,000 SF on 1.65 Acres with Over 100 Parking Spaces and Two Drive Thru’s
• Dense Demographics with ±54,416 Individuals with an Average Household Income of ±$108,917 in a 5-Mile Radius

 

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present Main Street Plaza (the “Property”), a ±15,000 square foot neighborhood retail center located at 107 East Main Street in Bath, PA. Currently ±50% occupied, Main Street Plaza presents an investor with the perfect value-add opportunity in a dense, suburban trade area with multiple upside scenarios.
 
Built in 1974, this multi-tenant asset is comprised of a two-story building containing a total of ±15,000 square feet positioned on one parcel totaling ±1.65 acres with over 100 parking spaces. The Property is ±49.33% occupied with Dunkin’ as the anchor and a diverse group of service-oriented tenants. Tenant rents are at or below the current market rates and presents investors with a redevelopment or re-positioning opportunity with significant upside potential and NOI growth.
 
Main Street Plaza is located approximately 70 miles north of Philadelphia and 75 miles west of New York City in Northampton County, Pennsylvania. The Property is ideally positioned at the signalized hard corner intersection of East Main Street and South Walnut Street which is the primary retail corridor in Bath and benefits from combined traffic counts over 18,000 vehicles per day. Main Street Plaza is surrounded by traffic drivers including Thermo Fisher Scientific, First Northern Bank and Trust, 7 Eleven, several schools, Central Transport, Trader Joe’s warehouse, and more. The Property benefits from dense 2023 demographics with ±54,416 people and an avg household income of ±$108,917 within a 5-mile radius. The Property is located within a high growth area with population growth of 9.38% from 2010-2023 and an anticipated 3.1% growth expected from 2023-2028 within five miles of the Property.