Single Tenant NNN | Investment Opportunity

Description:

Matthews Real Estate Investment Services is pleased to present the opportunity to acquire the condominium interest in Easton Arts Academy, a K-5 charter school specializing in arts education, located in Easton, Pennsylvania, within the Allentown MSA. The property is leased to Easton Arts Academy Elementary Charter School, Inc., which has over eight years remaining on its current lease term, plus three additional seven-year extension options. The lease terms include 3% rental increases every five years beginning in August 2026 and continuing into the extension periods, providing consistent income growth and protection against inflation. This property features a NNN lease structure with minimal landlord responsibilities, making it a low-maintenance investment for passive investors. The tenant, Easton Arts Academy, offers a robust curriculum for K-5 students, integrating academic and arts-focused education.

The property is located in Easton’s Historic Downtown, a highly walkable area with access to numerous businesses and attractions. It is positioned near Interstate 78, a key transportation route carrying over ±68,000 vehicles daily. The surrounding area is home to national retailers such as CVS, The Home Depot, Grocery Outlet, Rite Aid, and Petco, among others. The 5-mile trade area includes a population of more than 125,000 residents and ±45,630 employees, with an average household income of ±$102,000, offering a strong consumer base for the tenant.


INVESTMENT HIGHLIGHTS
Over 8 Years Remaining | Scheduled Rental Increases | Options to Extend | NNN Lease | Condominium Interest
• The tenant, Easton Arts Academy Elementary Charter School, Inc., recently exercised its first 7-year option to extend the lease through August 2031, demonstrating their commitment to the site
• 3 additional 7-year options to extend, with the next option period commencing automatically upon state charter renewal (contact agent for details)
• The lease features 3% rental increases every 5 years starting in August 2026 and continuing throughout the option periods thereafter, growing NOI and hedging against inflation
• Tenant pays pro-rata share of operating expenses
• Ideal, low-management investment opportunity for a passive investor

Historic Downtown Easton | Highly-Walkable Location | Nearby National/Credit Tenants and Family-Friendly Attractions
• Ideally situated in the heart of Easton’s Historic Downtown, with a wide range of nearby businesses and local attractions including parks and museums
• Walk Score® of Walker’s Paradise (94/100)
• Nearby direct on off/ramp access to Interstate 78 a major thoroughfare averaging over 68,000 vehicles per day
• Nearby national/credit retail tenants include Family Dollar, CVS, Giant, TheHome Depot, Grocery Outlet, Rite Aid, Petco, and many more

Direct, Affluent Consumer Base | Strong Demographics in 5-Mile Trade Area
• The 5-mile trade area is supported by over 125,000 residents and 45,000 employees, providing a direct consumer base from which to draw
• Residents within 5 miles of the subject property boast an affluent average household income of $102,000

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