Walmart Shadow Anchored Retail
1041 N Hermitage Rd, Hermitage, PA 16148
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Retail center anchored by national tenants and shadowed by Walmart.
Type:Retail
Property size:
52,492 SFPrice / SF:
$102/SF- Added:
- Mar 5, 2026
- Days on Market:
- 70
- Last Refresh:
- Mar 16 at 2:47 pm
Property Features for 1041 N Hermitage Rd
General Information
- Standard status
- Active
- Size
- 52,492 SF
- Property subtype
- Retail
Listing agent Jonah Yulish License #OH:2018004451
Listing office Matthews (216) 503-3610
Listing date Mar 5, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Matthews
HighLights
- Walmart Shadow Anchor: High traffic location next to a Walmart Supercenter with nearly 3M annual visits.
- Immediate Value‑Add Upside: 79.2% occupancy with 11,011 SF of vacant space for lease‑up.
- Strong Anchor Tenants: Anchored by Petco, Aspen Dental, T‑Mobile, and UPMC, ensuring consistent traffic.
- Below Replacement Cost: Offered significantly below replacement cost.
- Spin‑Off Opportunity: Can be sold in multiple parts, including a strip center and pad site, offering flexibility.
- Recent Leasing Momentum: Long‑term lease extension with Aspen Dental and a new lease with May Tea & Coffee.
Overview
This retail property is ideally positioned next to a heavily trafficked Walmart Supercenter with nearly 3M annual visits, ranking in the 88th percentile nationally. Hermitage Crossing features daily needs and service-based tenants such as Petco, Aspen Dental, UPMC, T-Mobile, Sport Clips, Sally Beauty Supply, GNC, and GameStop, driving strong synergy and traffic. The property is currently 79.2% occupied with 5 vacant units totaling 11,011 SF, providing immediate upside through lease-up. A 10-year extension with Aspen Dental takes their lease through October 2036, and a new 5-year lease with May Tea & Coffee begins in 2025. The property can be sold in multiple parts, including a 4-tenant strip center and a vacant ±1,311 SF pad site, offering flexibility for new ownership. There is an additional land site available for development or separate sale. The property is offered free and clear of existing financing and significantly below replacement cost. Anchored by Petco, Aspen Dental, T-Mobile, and UPMC, with Walmart shadowing, the property ensures consistent traffic and stability. The offering price is significantly below replacement cost for a center of this quality and size. The property has a size of 52492 SF.
Location Intelligence
Current Use by Public Records
Sport Clips Haircuts ...
Hair Salon
Similar Places Nearby
- Park Place Centre — 157 N Hermitage Rd, Hermitage, PA 16148
- Hermitage Hills Plaza — Glimcher Blvd, Hermitage, PA 16148
- Shenango Commons — 2996 e state st, hermitage, pa 16148
Location Insight
- Map
- Local Demand
- City
- Hermitage
- County
- Mercer
- State
- Pennsylvania
- Longitude
- -80.4517961
- Latitude
- 41.2471938
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Retail center anchored by national tenants and shadowed by Walmart.
Where is this shopping center located?
The property is located at 1041 N Hermitage Rd Hermitage, PA.
What is the asking price?
The asking price for this property is $5,385,000.
What are key features of this property?
This property features: Walmart Shadow Anchor: High traffic location next to a Walmart Supercenter with nearly 3M annual visits.; Immediate Value‑Add Upside: 79.2% occupancy with 11,011 SF of vacant space for lease‑up.; Strong Anchor Tenants: Anchored by Petco, Aspen Dental, T‑Mobile, and UPMC, ensuring consistent traffic.
