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Subway/Great Day Cafe 501 N Main St

2,520 SF 100% Leased Retail Building Chicora, PA 16025 $535,000 ($212/SF) 7.10% Cap Rate

Investment Highlights

  • Subway has been a tenant for 20 years
  • Tenant's pay all Taxes, Insurance, and Maintenance for the property

Executive Summary

This 2,520 SF retail building, located at the high-visibility corner of N. Main Street and Byrnes Street in Chicora, PA, features a 2.71-acre lot with 20 parking spaces, ensuring ample customer convenience. Anchored by Subway since 2003, the property offers a blend of dining variety to the local community.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
2,520 SF
Building Class
B
Year Built
2003
Price
$535,000
Price Per SF
$212
Cap Rate
7.10%
NOI
$38,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
2.71 AC
Zoning
C-2
Parking
10 Spaces (3.97 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Great Day Cafe
  • Accommodation and Food Services
  • 1,320 SF
  • -
  • Triple Net
  • -
  • Accommodation and Food Services
  • 1,200 SF
  • -
  • Triple Net
  • Mar 2008

Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Great Day Cafe Accommodation and Food Services 1,320 SF - Triple Net -
Accommodation and Food Services 1,200 SF - Triple Net Mar 2008

Nearby Major Retailers

IGA
Huntington National Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
460-S1-F21A-0000
Land Assessment
$2,440
Improvements Assessment
$35,190
Total Assessment
$37,630
  • Listing ID: 34161600

  • Date on Market: 2/13/2024

  • Last Updated:

  • Address: 501 N Main St, Chicora, PA 16025

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