2000-2018 Penny Lane Dr - Storefront Retail/Office FOR SALE
Jeannette, PA 15644 |
216-503-3607
2000-2018 Penny Lane Dr
Jeannette, PA 15644
HIGHLIGHTS
- Immediate Value-Add Opportunity | 91.4% Leased | 4 Vacant Units – 9,200 SF: The Property presents an investor with an immediate opportunity
- Strong Leasing Momentum | 7 New Small-Shop Leases Executed Over The Past 2.5 Years: Penn Crossing has experienced strong
- Limited Retail Competition in the Surrounding Area | Nearest Traditional Grocer is ~5 Miles Away: Given the topography of the surrounding area
- $9.82 PSF Annual Base Rent | 4+ Years of Weighted Avg. Lease Term Remaining (WALT)
- Giant Eagle Comprises Nearly 55% of Rental Income | 20-Year Operating History at this Location
- Desirable Demographics | Avg. HHI Nearly $130,000 within 1-mile | Over $100,000 in 3-miles
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Penn Crossing
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
500
LAND DETAILS
LAND ACRES
15.07 AC
LAND SF
656,305 SF
ZONING
-
APN/PARCEL ID
55-14-00-0-247,55-14-00-0-247-69-001,55-14-00-0-247-69-002
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216-503-3607
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216-503-3607
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