Log In/Sign Up
Your email has been sent.
105 Willow St 4,287 SF Retail Building Kittanning, PA 16201 $630,783 ($147.14/SF) 6.71% Cap Rate
Investment Highlights
- Recent Renovations - HVAC was replaced in 2024 (one, 5-ton unit).
- Recent Extension - Sherwin-Williams recently extended their lease for another 5 years.
Executive Summary
Recent Renovations - HVAC was replaced in 2024 (one, 5-ton unit)
Recent Extension - Sherwin-Williams recently extended their lease for another 5 years and accepted the 10% rent increase; tenant has occupied subject property since 2005 showing strong commitment to the site
Extremely Low Rent - Subject property is one of the lowest rent Sherwin-Williams on the market
Investment Grade Tenant - Sherwin-Williams holds a BBB rating from S&P and is considered an investment-grade credit tenant. This rating ensures a high likelihood of on-time payments and offers stability to investors
County Seat - Kittanning is the county seat of Armstrong County and is situated just 36 miles northeast of Pittsburgh (toward Penn State University) Relocation Site - Sherwin-Williams relocated to this site for improved efficiency for their inventory fulfillment
Recent Extension - Sherwin-Williams recently extended their lease for another 5 years and accepted the 10% rent increase; tenant has occupied subject property since 2005 showing strong commitment to the site
Extremely Low Rent - Subject property is one of the lowest rent Sherwin-Williams on the market
Investment Grade Tenant - Sherwin-Williams holds a BBB rating from S&P and is considered an investment-grade credit tenant. This rating ensures a high likelihood of on-time payments and offers stability to investors
County Seat - Kittanning is the county seat of Armstrong County and is situated just 36 miles northeast of Pittsburgh (toward Penn State University) Relocation Site - Sherwin-Williams relocated to this site for improved efficiency for their inventory fulfillment
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,287 SF
Building Class
C
Year Built
1951
Price
$630,783
Price Per SF
$147.14
Cap Rate
6.71%
NOI
$42,305
Tenancy
Single
Building Height
1 Story
Building FAR
0.70
Lot Size
0.14 AC
Zoning
B3 - provide a wide range of retail, service and business uses serving local and Countywide areas
Parking
10 Spaces (2.33 Spaces per 1,000 SF Leased)
Frontage
45’ on Willow Street
Amenities
- Corner Lot
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Manufacturing
- -
- -
- -
Sherwin-Williams began in 1866 when Henry Sherwin and Edward Williams opened a paint store in Cleveland, Ohio. The company expanded nationally through the late 19th century by establishing manufacturing facilities. Their business model includes three segments: Paint Stores Group for contractors, Consumer Brands Group for retail sales, and Performance Coatings Group serving industrial markets. The company operates in both professional and DIY markets through company-owned stores and third-party distributors.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Manufacturing | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-0-014196 | Improvements Assessment | $20,590 |
| Land Assessment | $25,390 | Total Assessment | $45,980 |
Property Taxes
Parcel Number
21-0-014196
Land Assessment
$25,390
Improvements Assessment
$20,590
Total Assessment
$45,980
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
105 Willow St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.