501 N Main St, Chircora, PA, 16025
501 N Main St
Chircora, PA 16025
Highlights
- Triple Net Leases in-place with Landlord responsibility limited to roof, structural, and parking lot.
- Tenant's pay all Taxes, Insurance, and Maintenance for the property
- WALT of 2.9 years
- Subway has been a tenant for 20 years
Description
Harvest Commercial is pleased to introduce this investment opportunity at 501 N Main St, Chircora, PA. This 2,520 SF building comprised of 2 units, boasts a 100% occupancy. With triple net leases in place, landlord responsibilities are limited to roof, structural, and parking lot maintenance. Tenants cover all taxes, insurance, and property maintenance, ensuring a steady income stream. The property's Weighted Average Lease Term (WALT) of 2.9 years and a longstanding 20-year tenancy from Subway further solidifies its appeal as a secure and high-yield investment.
Chicora, PA, nestled in Butler County, showcases significant economic advancement, with the median household income increasing from $54,345 to $63,258 between 2010 and the present. This growth is amplified by recent bank mergers and infrastructure enhancements, highlighting the borough's burgeoning potential. Positioned strategically on PA Route 68, Chicora benefits from a unique blend of consistent economic development and infrastructural investments. The recent sale of the new Dollar Tree/Family Dollar across the street, at a 6.75% cap rate for $105 per square foot, exemplifies the area's attractiveness for investment. This combination of economic resilience, strategic location, and investment activity marks Chicora as a compelling destination within the Pittsburgh Metro Area.
