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Retail
Dorneyville Shopping Center
Allentown, PA
101,651 SqFt
Built in 1961
Value Add
Investment Highlights
- 86% occupied grocery anchored shopping center anchored by Aldi on a new 15-year lease
- Highly desirable 3-mile demographic profile with 97,839 residents with average household incomes of $93,717, projected to increase by 15% to $108,475 by 2027 in one of the fastest growing submarkets
- Located Immediately next to Dorney Park & Wild Water Kingdom amusement park which had 1.7M visitors over the past 12 months, up 36% year over year.
- Strong lineup of destination restaurant, medical, fitness and service uses with a weighted average historical lease term of over 15 years