698 S Pike Rd

4,428 SF Retail Building Sarver, PA 16055 For Sale

INVESTMENT HIGHLIGHTS

  • Strong Corporate Guarantee
  • 10% rent escalations every 5 years
  • Three 5-year extension options and one 4-year, 11-month option
  • +/- 16,000 Vehicles Per Day

EXECUTIVE SUMMARY

The subject property is situated at a signalized intersection along the predominant retail corridor, and is less than 1 mile from Route 28. Recent retail redevelopments along this strip include GetGo Cafe + Market, Sheetz, Burger King and Arby's stores. This area is seeing an influx of population in recent years due to more favorable tax rates than in areas closer to Pittsburgh, and is poised to continue that growth trajectory in the years to come.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,428 SF
Building Class
B
Year Built/Renovated
1999/2023
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.91 AC
Zoning
B-1 - Business District

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Wholesaler
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Valvoline Inc. (NYSE: VVV) is a leading provider of automotive services and marketer and supplier of premium branded lubricants worldwide, with sales in more than 140 countries. Established in 1866, the Company’s heritage spans more than 150 years, during which time it has developed powerful brand recognition across multiple product and service channels. Valvoline operates and franchises more than 1,500 quick-lube locations and is the No. 2 chain by number of stores in the United States under the Valvoline Instant Oil ChangeSM brand and the No. 3 chain by number of stores in Canada under the Valvoline Great Canadian Oil Change brand. It also markets Valvoline lubricants and automotive chemicals, including Valvoline EV Performance Fluids; Valvoline Hybrid Vehicle Full Synthetic motor oil; Valvoline High Mileage with MaxLife technology motor oil for engines over 75,000 miles.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Wholesaler - - Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

PNC Bank
Starbucks
Anytime Fitness
Northwest Bank
Giant Eagle
  • Listing ID: 33689550

  • Date on Market: 10/30/2024

  • Last Updated:

  • Address: 698 S Pike Rd, Sarver, PA 16055