100 S Jefferson St - Retail FOR SALE
New Castle, PA 16101 |
100 S Jefferson St
New Castle, PA 16101
HIGHLIGHTS
- Family Dollar reported sales of over $1.9M in each of the last 2 years, which is 20% above the Family Dollar national average.
- There is value-add upside as the asset has been leased remotely without a local or experienced leasing agent since 2019.
- Over 22,000 square feet has been leased to local tenants since beginning community centered events in 2022.
- Ownership has spent nearly $500,000 on capital expenditures including several roof replacements with warranties and multiple HVAC units.
- Four outparcels are included with lease upside that could be sold off individually to lower a new owner’s basis.
- Foot traffic to the center has increased 15.5% year-over-year and 22.3% since Family Dollar opened in 2023.
FOR SALE DETAILS
PRICE
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CAP RATE
-
% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Cascade Galleria | Value-Add Retail
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
228703
STORIES
1
YEAR BUILT
1969
SPRINKLERS
-
PARKING SPACES
915
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
01-001400,01-098300
