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MOUNT PENN PLAZA2548 PERKIOMEN AVENUE READING, PA
Subject PropertyMount Penn
Primary Center(169 Total Enrolled)
M
Perkio
men A
ve (1
3,096
VPD)
Exeter Commons
Anietam Valley Shopping Center
Perk
iom
en A
ve (1
3,09
6 VPD)
Subject Property
Mount PennPrimary Center
(169 Total Enrolled)
Anietam Valley Shopping CenterMount Penn
Elementary Center(448 Total Enrolled)
Exeter Township Senior High School
(1,370 Total Enrolled)
Exeter Commons
Perkiomen Ave (13,096 VPD)
Perkiomen Ave (13,096 VPD)
Benjamin Franklin Hwy (422)
EXECUTIVE SUMMARYREADING, PA | PERKIOMEN AVE.
Mount Penn Plaza
M
ParkWest Town Center(305k Square Feet of Retail)
Coming Soon
Mount Penn Plaza
SITE PLAN
TENANT NRSF GLA %
Building 1
(1) Tobacco Shop 2,300 9.45%
(2) Metro PCS 2,375 9.76%
(3) Frank's Pizza 2,000 8.22%
(4) Dollar Tree 10,661 43.81%
Pad Site
(5) Advance Auto Parts 7,000 28.76%
24,336 100%
1 2 3 4
5
Antietam Academy
Alternative Education
TENANT OVERVIEWSREADING, PA | PERKIOMEN AVE.
Mount Penn Plaza
M
ParkWest Town Center(305k Square Feet of Retail)
Coming Soon
Mount Penn Plaza
TENANT DESCRIPTIONSTENANT DESCRIPTION HEADQUARTERS CREDIT RATING LOCATIONS EMPLOYEES
Advance Auto Parts was founded in 1929 and is headquartered in
Roanoke, Virginia. Their operation consists of 5,183 Advance Auto
Parts branded stores, and have a heavy focus on serving do-it-for-me,
Commercial, and do-it-yourself, customers as well as independently-
owned operators. These stores carry a wide variety of products serving an
aftermarket auto part needs for both domestic and import vehicles.
Roanoke,
Virginia
S&P: BBB-
Moody’s: Baa25,180+/- 70,000+/-
Dollar Tree, Inc. (NASDAQ: DLTR) is an American chain of discount
variety stores that sells every item for $1.00 or less. A Fortune 500
company, Dollar Tree is headquartered in Chesapeake, Virginia and
operates over 15,000 stores throughout the 48 contiguous U.S. states and
in Canada. Its stores are supported by a nationwide logistics network of
twelve distribution centers.
Chesapeake,
Virginia
S&P: BBB-Moody’s: Baa3
13,600+/- 176,000+/-
Metro by T-Mobile (formerly known as MetroPCS) is a prepaid wireless
carrier brand owned by T-Mobile US. It previously operated the fifth
largest mobile telecommunications network in the United States using
code division multiple access. In 2013, the carrier engaged in a reverse
merger with T-Mobile USA; post-merger, its services were merged under
T-Mobile’s 4G and LTE network.
Richardson,
Texas- 2,200+/- -
Franks Pizza is a locally operated business serving Italian delicacies. We use the highest quality ingredients to handcraft the healthiest and the most delicious Italian food in this area. Franks Pizza guarantees you the highest quality food.
Mount Penn,
PennsylvaniaPrivate 1 Location -
Smokes Outlet is proud to offer for sale top smoking technologies & accessories. Smokes Outlet has everything a smoker needs, from simple smoking accessories to high quality exclusive products. Customers can enjoy Vapes, Waterpipes, Hookahs, Handpipes and much more!!! Smokes Outlet has everything a smoker needs, from simple smoking accessories to high quality exclusive products.
Mount Penn,
PennsylvaniaPrivate 1 Location -
Smokes OutletMount Penn, PA
Franks PizzaMount Penn, PA
MARKET OVERVIEWREADING, PA | PERKIOMEN AVE.
Mount Penn Plaza
M
ParkWest Town Center(305k Square Feet of Retail)
Coming Soon
VALUE ADD CMX3 BUILDING
PARKSIDE LOFTS
Reading, PA
18 | Mount Penn Plaza
RADIUS 1 MILE 3 MILE 5 MILES
Average HH Income $68,303 $57,571 $64,353
Median HH Income $50,814 $40,645 $45,194
Population 9,855 104,399 169,946
Households(#) 3,902 36,536 62,796
Median Age 38.70 35.90 37.60
Rich History With Excellent DemographicsReading is located in the midst of Berks County, an area known for rich history amongst
beautiful nature. The Greater Reading Area promises visitors the opportunity to experience
a wide collection of covered bridges and Dutch folk barn art, and Berks County offers more
intrepid explorers the chance to set off on a hike along the Appalachian Trail. 104,399Population
within a 3 mile radius
$57,571AVG. HH Income
within a 3 mile radius
3.7%Unemployment Rate
within a 3 mile radius
0.6%Job Growth Rate
Reading, PA
1.04%Population Growth
within a 3 mile radius
Leading Industrial and Trade Complexeslocated in the heart of the Delaware Valley Region
Reading, PA
AREA DEMOGRAPHICS
Reading, PA
ECONOMY & TRAVELLocal Economy With a population of 87,575, it is the fifth-largest city in Pennsylvania. Located in the southeastern part of the state, it is the principal city of the Greater Reading Area. The city is strategically situated along a major transportation route from Central to Eastern Pennsylvania, and lent its name to the now defunct Reading Railroad, which transported coal from the Pennsylvania Coal Region to the east coast.
Top Employers
Organization/Company Industry Type
Reading Hospital Healthcare
East Penn Manufacturing Co. Manufacturing
Carpenter Skilled Trade
County of Berks Utilities
Reading School District Education
Pennsylvania Government Government
Wal-Mart Stores, Inc. Retail/Distribution
St. Joseph Medical Center Healthcare
Penske Truck Leasing Transportation
The city, which is approximately halfway between the state’s most populous city, Philadelphia, and the state capital, Harrisburg (as well as about halfway between Allentown and Lancaster) is strategically situated along a major transportation route from Central to Eastern Pennsylvania,
The eastern spur, located entirely within Pennsylvania,
begins in Hershey and ends at King of Prussia, PA, near
Philadelphia.
U.S. Route 222 Business (US 222 Bus.) is a 12.17-mile
(19.59 km) business route of US 222 located in Reading,
Pennsylvania.
I-176 is a spur route of eastern Interstate 76 in PA. I-176,
known locally as the “Morgantown Expressway”, travels
from Morgantown to Cumru Township in Berks County.
176In Pennsylvania, I-76 runs across most of the state on
the Pennsylvania Turnpike, passing near Pittsburgh and
Harrisburg before leaving to enter Philadelphia
20 | Mount Penn Plaza
Reading, PA
LOCATION OVERVIEW
The city of Reading, located in southeastern Pennsylvania, is the principal city of the Greater Reading Area and the county seat for Berks County. With a population of 88,082 as of the 2010 census, it is the fifth most populated city in the state, after Philadelphia, Pittsburgh, Allentown and Erie, and the sixth most-populous municipality. Today, Reading is a city pulsating with industrial life. It is also well equipped with agencies that represent civilization at it’s best-churches, hospitals, clubs, fraternal societies, recreational centers, schools and colleges, a historical society, an art institute as well as a daily newspaper.
5thMOST POPULOUS CITY IN STATE OF PENNSYLVANIA
55milesMILES FROM CENTER CITY
PHILADELPHIA
3milesTO THE CENTER OF
DOWNTOWN READING
TOP 4UP AND COMING
NEIGHBORHOODS-NBC TODAY 2017
4MAJOR COLLEGES
AND UNIVERSITIES IN READING, PA
6millionPOPULATION OF THE DELAWARE
VALLEY MSA
TOWER HEALTH:• What began as a large, single hospital in Reading has now become a network of accessible, nationally recognized centers of care throughout the region.
• Tower Health brings together more than 11,000 dedicated team members, 2,000 nationally recognized physicians, specialists and providers across 65 convenient locations.
PRETZEL CITY:• Reading has been known as “The Pretzel City”, because of numerous local pretzel bakeries.
• Currently, Bachman, Dieffenbach, Tom Sturgis, and Unique Pretzel bakeries call the Reading area home.