For Sale
Shopping Center – Value Add Opportunity
Property Details
On behalf of ownership, Equity Retail Brokers is pleased to present Monroe Plaza. This 130,580 sq. ft . opportunity offers investors significant upside through redevelopment of the existing shopping center. A true value-add opportunity, the shopping center also generates income from credit tenants such as Fresenius, and a national dollar store (signed LOI – moving toward lease).
Investment Highlights
- Value-add opportunity to reposition/redevelop the center
- Credit tenants
- Signalized intersection
- Significant new leasing velocity
- Located in an Opportunity Zone
- Less than 1 mile from East Stroudsburg University (student population app. 7,000)
- Located across from a Walmart Supercenter and near the new Stop-N-Shop Supermarket and Homegoods (coming soon)
Contact
Bart Delfiner
484.417.2217
bdelfiner@equityretailbrokers.com
David DeRienzo
Property Location
Monroe Plaza
51 N 3rd St
Stroudsburg, PA 18360