280 New Castle Rd | Butler, PA 16001
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280 New Castle Rd
Butler, PA 16001
Walgreens with Rent Increases · Retail Property For Sale
Investment Highlights
- Walgreens (NASDAQ: “WBA”) is rated “BBB” investment grade by Standard & Poor’s: Over $148.5 billion in annual revenue and market cap of $41.82 billion
- Extremely Rare Rent Increases: The lease features approximate 3.5% rent increases every 5 years between each option period(see rent schedule on pg.15)
- Signalized hard corner location along area’s main retail and traffic corridor
- Excellent store sales history: Please inquire with Broker for more details
- Absolute NNN Lease Structure: Zero landlord responsibilities for operating or capital expenses
- Adjacent to Butler Commons and Butler Crossings: Two power shopping centers consisting of 697,000 SF anchored by Walmart Supercenter, Target, Kohl’s
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,820 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.31 AC
Zoning
C
Frontage
285 FT on New Castle
Amenities
- Drive Thru
PROPERTY TAXES
| Parcel Number | 056-11-C16B-0000 | Improvements Assessment | $214,660 |
| Land Assessment | $41,220 | Total Assessment | $255,880 |
PROPERTY TAXES
Parcel Number
056-11-C16B-0000
Land Assessment
$41,220
Improvements Assessment
$214,660
Total Assessment
$255,880
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