2000-2018 Penny Lane Dr | Jeannette, PA 15644
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2000-2018 Penny Lane Dr
Jeannette, PA 15644
Penn Crossing · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Immediate Value-Add Opportunity | 91.4% Leased | 4 Vacant Units – 9,200 SF: The Property presents an investor with an immediate opportunity
- Limited Retail Competition in the Surrounding Area | Nearest Traditional Grocer is ~5 Miles Away: Given the topography of the surrounding area
- Giant Eagle Comprises Nearly 55% of Rental Income | 20-Year Operating History at this Location
- Strong Leasing Momentum | 7 New Small-Shop Leases Executed Over The Past 2.5 Years: Penn Crossing has experienced strong
- $9.82 PSF Annual Base Rent | 4+ Years of Weighted Avg. Lease Term Remaining (WALT)
- Desirable Demographics | Avg. HHI Nearly $130,000 within 1-mile | Over $100,000 in 3-miles
PROPERTY FACTS
Property Type
Retail
Building Size
107,401 SF
Building Class
B
Year Built
2000
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.16
Lot Size
15.07 AC
Parking
500 Spaces (4.66 Spaces per 1,000 SF Leased)
Frontage
753’ on Penny Ln
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,084,200 | |
| Land Assessment | $162,140 | Total Assessment | $1,246,340 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$162,140
Improvements Assessment
$1,084,200
Total Assessment
$1,246,340
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