The Property totals 133,899 SF and is anchored by a local grocer operator in Valley Farm Markets, totaling 73,000 SF. The building was built in 1978 and offers 584 parking spaces for a parking ratio of 4.36 / 1,000 SF. There Property consists of two non-contiguous buildings, both built in 1978.
Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to exclusively offer Stefko Boulevard Shopping Center (the “Property”), a 133,899 square foot, grocery-anchored center located in Bethlehem, Northampton County, PA. The Property is currently 96 percent leased and anchored by Valley Farm grocery store, a family owned Lehigh Valley institution that has successfully operated in the Valley since 1971. Valley Farm has 15+ years of tenure and recently executed a renewal, increasing their base rent from $3.50 PSF to $8.00 PSF. The renewal sets a clear indication of success and commitment to the location through a year-over-year rental increase of 128% and locking in the tenant term through 2030.
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