Walmart Shadow Anchored Retail
For Sale
$5,385,000
1041 N Hermitage Rd, Hermitage, PA 16148
Retail center anchored by national tenants and shadowed by Walmart.
Property Size52,492 SF
Price / SF$102.59
Days on Market158
Property Features for 1041 N Hermitage Rd
General Information
Standard status
Active
Size
52,492 SF
Property subtype
Commercial
Occupancy
79%
Net Operating Income
$484,585
Building Details
Building Size
52,492 SF
Year Built
2006
Listing Agency:
Matthews
(216) 503-3610
Listed By:
Jonah Yulish · License #2018004451 (OH)
(216) 503-3610
Source:
Matthews
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 30 at 12:56PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
152k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 67%
Dining 13%
Shops & Services 9%
Home Improvements & Furnishings 4%
Walmart
Superstores
102,109 visits/mo
0.2 miles
Golden Corral
Dining
20,070 visits/mo
0.0 miles
Harbor Freight Tools
Home Improvements & Furnishings
6,817 visits/mo
0.3 miles
Petco
Shops & Services
6,591 visits/mo
0.1 miles
Hallmark
Shops & Services
6,236 visits/mo
0.1 miles
Demographics for 16148, PA
16,673
Population
8,182
Households
2
Avg Household Size
50
Median Age
35%
College-Educated
92%
High-School Grad
31.5 sq mi
ZIP Area
529
Density / Sq Mi
$72,680
Median Household Income
$49,494
Median Earnings
$868
Median Rent
$186,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Hermitage Crossing — 1037 N Hermitage Rd, Hermitage, PA 16148
Frequently Asked Questions
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.
