1180 N Hermitage Rd - Auto Repair FOR SALE


Hermitage, PA 16148
$1,364,000 USD
202-286-1542
1180 N Hermitage Rd, Hermitage, PA for Sale
$1,364,000 USD
Auto Repair - FOR SALE
1/6
null | 5.5% Cap Rate

1180 N Hermitage Rd
Hermitage, PA 16148


HIGHLIGHTS

  • Corporate Guaranteed Ground Lease | Scheduled Rental Increases | Options To Extend
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Across From Hermitage Crossing | Primary Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Valvoline Corporate guaranteed lease • The tenant, Valvoline, recently signed a 15-year ground lease with 3 (5-Year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5-years throughout the initial term and at the beggining of each option period

FOR SALE DETAILS

PRICE

$1,364,000 USD

PRICE/SF

$682 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Valvoline | Corp Abs NNN Grd Lse w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

HC

APN/PARCEL ID

11 145 082 007

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.