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1041 N Hermitage Rd, Hermitage, PA, 16148 1031-1049 N Hermitage Rd 52,492 SF 100% Leased Retail Building Hermitage, PA 16148 $5,385,000 ($102.59/SF) 9% Cap Rate
Investment Highlights
- Walmart Shadow Anchored: The property is shadow-anchored by a Walmart Supercenter with nearly 3M annual visits and strong customer traffic.
- Recent Leasing Momentum: Aspen Dental recently extended its lease through 2036 and May Tea & Coffee signed a new 5-year lease starting in 2025.
- Spin-Off Opportunity: The property can be sold in multiple parts, including a 4-tenant strip center and a vacant pad site.
- Daily Needs & Service Tenancy: The center features service-oriented tenants like Petco, Aspen Dental, UPMC, and T-Mobile that drive steady traffic.
- Immediate Value-Add Upside: The property is 79.2% occupied with five vacant units totaling 11,011 SF, offering lease-up value-add potential.
- Additional Land Site: An additional land parcel provides future development or resale opportunities.
Executive Summary
Broker of Record
Kyle Matthews
License # RB068831, RM423998 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RB068831, RM423998 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
52,492 SF
Building Class
B
Year Built
2006
Price
$5,385,000
Price Per SF
$102.59
Cap Rate
9%
NOI
$484,585
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
11.80 AC
Frontage
73’ on N Hermitage Rd
Amenities
- Freeway Visibility
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-145-059-002 | Improvements Assessment | $184,000 |
| Land Assessment | $159,900 | Total Assessment | $343,900 |
Property Taxes
Parcel Number
11-145-059-002
Land Assessment
$159,900
Improvements Assessment
$184,000
Total Assessment
$343,900
Contacts
-
Jonah Yulish -
Zack Bates -
Ben Snyder -
Robert Anderson -
Matthews Real Estate Investment Services
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1041 N Hermitage Rd, Hermitage, PA, 16148 | 1031-1049 N Hermitage Rd
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