Corry Plaza is a well located neighborhood shopping center in Corry, PA anchored by Tractor Supply, CVS, Family Dollar, and KeyBank. These nationally recognized tenants drive consistent traffic and provide a strong foundation of stable cash flow.
The property consists of approximately 108,000 square feet and generates about $653,000 in annual income with an NOI of roughly $478,000. There is also an approximately 18,000 square foot vacancy, giving a new owner the opportunity to increase value through lease up and additional income.
The tenant mix is primarily necessity based which supports steady performance in the market. Corry Plaza serves as one of the main retail centers in the area and draws customers from over a 20 mile radius, helping support long term tenant stability and occupancy.
Overall, this is a stable, cash flowing asset with a strong tenant base and clear upside through leasing and continued rent growth.