800 1st Ave - Freestanding FOR SALE


Conway, PA 15027
$518,800 USD
312-548-6822
800 1st Ave, Conway, PA for Sale
$518,800 USD
Freestanding - FOR SALE
1/6
null | 6.65% Cap Rate

800 1st Ave
Conway, PA 15027


HIGHLIGHTS

  • Early Long-Term Lease Extension
  • Attractive Rent Increases
  • Corporate Lease
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Sherwin Williams located at 800 First Avenue in Conway, Pennsylvania (“the Property”). Sherwin Williams has been at this location since 2000 and recently extended their lease (two years early) demonstrating their commitment to the site and the market. Sherwin Williams has 10 years remaining on their lease with three (3), 5-year renewal options. The lease calls for rent increase at in the primary lease term and at the start of all three of the five-year renewal options. Sherwin Williams is well located along 1st Avenue and Ohio River Boulevard (PA Route 65), the area’s primary commercial and commuter corridor. The Property enjoys outstanding frontage, visibility, signage and access along both roadways and is easily accessible from Conway’s residential neighborhoods. Sherwin Williams is surrounded by the area’s national retailers and restaurants and is 0.8 miles from Walmart Supercenter, all of which drive traffic to the immediate area. The Property offers convenient access to larger shopping corridors in neighboring Monaca and Cranberry Township, and hospitals in both Beaver and Cranberry Township. Conway, Pennsylvania, is a small borough in Beaver County situated along the Ohio River, about 10 miles west of Cranberry Township and 25?miles northwest of downtown Pittsburgh.

FOR SALE DETAILS

PRICE

$518,800 USD

PRICE/SF

$63 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

C1

APN/PARCEL ID

18-001-0222.001

ASK ABOUT THIS PROPERTY

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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Jack CollinsHorvath & TremblayMore Info
312-548-6822

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.