1340 N Hermitage Rd | Hermitage, PA 16148
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- LoopNet Team
1340 N Hermitage Rd
Hermitage, PA 16148
Loves Furniture Retail and Distribution · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Sale Leaseback Absolute Triple-Net (NNN) Lease Investment Property
- Entry Cap Rate: 8.25%
- Tenant has two 10-year options to renew and extend the lease
- 1st Year Annual Rent: $350,625
- Annual Rent Increases: 1.5%
- Strong rent-to-sales ratio and Strong corporate guarantee
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
42,000 SF
Building Class
C
Year Built/Renovated
2000/2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
2.98 AC
Zoning
C-2
Parking
105 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
225’ on Hermitage Rd
AMENITIES
- Freeway Visibility
- Signage
PROPERTY TAXES
| Parcel Number | 11-145-082-011-001 | Improvements Assessment | $717,050 |
| Land Assessment | $27,900 | Total Assessment | $744,950 |
PROPERTY TAXES
Parcel Number
11-145-082-011-001
Land Assessment
$27,900
Improvements Assessment
$717,050
Total Assessment
$744,950
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