820 Knitting Mills Way
19,695 SF Retail Building Wyomissing, PA 19610 $4,861,660 CAD ($246.85 CAD/SF) 7.06% Cap Rate
INVESTMENT HIGHLIGHTS
- Extremely Desirable Neighborhood
- Very High Avg Household Income
- Work Live Play area
EXECUTIVE SUMMARY
High end property in the heart of Wyomissing PA. The property was part of the $100 million redevelopment of the former Vanity Fair Outlets in 2017-2018. The site is home to UGI Energy Services HQ, along with over 250,000 SF of Tower Health Medical Center leased space. In addition, Orthopedic Associates of Reading and Kimberton's Whole Food market are located on-site.
The current owner, Sly Fox Brewery, has owned and operated their pub/restaurant/entertainment offerings at the location for the last five years with great success. With their main headquarters located in Pottstown, PA handles all of the brewing and distribution of their premier beers, along with 3rd party labeling for other brands. In addition to their Wyomissing store, they have three other retail locations.
The current owner, Sly Fox Brewery, has owned and operated their pub/restaurant/entertainment offerings at the location for the last five years with great success. With their main headquarters located in Pottstown, PA handles all of the brewing and distribution of their premier beers, along with 3rd party labeling for other brands. In addition to their Wyomissing store, they have three other retail locations.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
19,695 SF
Building Class
C
Year Built/Renovated
1926/2022
Price
$4,861,660 CAD
Price Per SF
$246.85 CAD
Cap Rate
7.06%
NOI
$343,176 CAD
Tenancy
Single
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.46
Lot Size
0.97 AC
Parking
75 Spaces (3.81 Spaces per 1,000 SF Leased)
Frontage
80’ on Knitting Mills Way
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sly Fox Brewing Company
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sly Fox Brewing Company | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - |
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 96-5307-17-00-4855 | Improvements Assessment | $769,858 CAD |
| Land Assessment | $665,332 CAD | Total Assessment | $1,435,191 CAD |
