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2545 W State St
New Castle, PA 16101
Aspen Dental · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Aspen Dental exercised their option early at this location, showing commitment to the site
- Outparcel to high performing Walmart Supercenter
- 10% Increases every 5 year and in options
- 4.5 Years left on NN+ Lease with landlord responsible for roof and structure
- Two (2) 5 Year renewal Options
- Extremely low Rent and Price/PSF allowing a purchaser to focus on the fundamentals of the site
EXECUTIVE SUMMARY
The property is strategically positioned in a strong commercial corridor along W State Street, a primary retail and commuter artery for the New Castle market. Nearby national co-tenants include Walmart Supercenter, Sheetz, Taco Bell, Giant Eagle, Chipotle, and McDonalds providing significant consumer draw and traffic flow to the immediate trade area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,200 SF
Building Class
B
Year Built
2015
Price
$1,456,457
Price Per SF
$455.14
Cap Rate
7%
NOI
$101,952
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.57 AC
Zoning
CC - CC: Central Commercial
Parking
23 Spaces (7.19 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 34-154402 | Improvements Assessment | $250,600 |
| Land Assessment | $176,900 | Total Assessment | $427,500 |
PROPERTY TAXES
Parcel Number
34-154402
Land Assessment
$176,900
Improvements Assessment
$250,600
Total Assessment
$427,500
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