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- LoopNet Team
1340 N Hermitage Rd
Hermitage, PA 16148
Levin Furniture · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- There are five options to renew the lease each with 10% rental increases.
- Ideally located across from Walmart with additional surrounding tenants including GameStop, Golden Corral, Petco, Sally Beauty and UPMC Urgent Care
- Dense demographics with over 27,000 people within 3 miles and over 47,000 people within 5 miles.
- 5,000 square feet of available space allows for a value add opportunity for the new owner.
- Situated on N Hermitage Road, a major throughway in Hermitage with traffic counts exceeding 21,000 vehicles per day.
- This rent is replaceable in this market at $4 per square foot | Price per square foot of $44.
PROPERTY FACTS
AMENITIES
- Freeway Visibility
- Signage
ABOUT 1340 N HERMITAGE RD , HERMITAGE, PA 16148
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Levin Furniture located in Hermitage, Pennsylvania. This is a NNN lease with minimal landlord responsibilities or expenses. Levin Furniture just signed a new 5 year lease at this site and there are currently over 4 years left in the base term of the lease with five options to renew. There are also 10% rental increases in each option period. This 47,000 square foot store sits on a large 2.98 acre site which allows for numerous redevelopment opportunities in the future if necessary. Levin Furniture ideally sits across from Walmart, which is a major draw in this area. Additional surrounding tenants including GameStop, Golden Corral, UPMC Urgent Care, Dairy Queen, Sheetz and Dollar General. There are over 27,000 people within 3 miles of the site and over 47,000 people within 5 miles. Levin Furniture is situated on N. Hermitage Street, a major throughway with traffic counts exceeding 21,000 vehicles per day. This NNN lease with minimal landlord responsibilities and a replaceable rent offers a passive investment for the astute investor.
PROPERTY TAXES
| Parcel Number | 11-145-082-011-001 | Improvements Assessment | $717,050 |
| Land Assessment | $27,900 | Total Assessment | $744,950 |
PROPERTY TAXES
