Three 5-year extension options, and a 4th option of 4-years + 11-months
10% rent escalations every 5 years
+/- 16,000 Vehicles Per Day
Description
The subject property is situated at a signalized intersection along the predominant retail corridor, and is less than
1 mile from Route 28. Recent retail redevelopments along this strip include GetGo Cafe + Market, Sheetz, Burger
King and Arby's stores. This area is seeing an influx of population in recent years due to more favorable tax rates
than in areas closer to Pittsburgh, and is poised to continue that growth trajectory in the years to come.
Located at the intersection of South Pike Road and Cole Road in Sarver, PA, this site is within a 30 minute drive to Downtown Pittsburgh but sits in Butler County, which has benefitted from a recent uptick in population growth due to outward growth from Allegheny County with residents seeking the more favorable tax rates of Butler County.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
