Freestanding Retail NNN
For Sale
Contact for pricing
1340 N Hermitage Rd, Hermitage, PA 16148
Freestanding furniture retail property on a multi-acre site with a NNN lease and a recently renewed 5-year term.
Property Size47,000 SF
Lot Size2.98 Acres
Days on Market133
Property Features for 1340 N Hermitage Rd
General Information
Standard status
Active
Size
47,000 SF
Lot size
2.98 Acres
Property subtype
Retail
Additional Details
Traffic Count
21,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
CBRE - Philadelphia Suburban
(484) 567-2340
Listed By:
Matthew Gorman · License #PA RS287470
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 3:05AM
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 CBRE - Philadelphia Suburban
Investment Insights
Based on property information with market context.
This freestanding retail property is leased to Levin Furniture under a NNN structure described as having minimal landlord responsibilities and expenses. The tenant signed a new 5-year lease, and there are more than four years remaining in the base term, along with five renewal options. The lease includes 10% rental increases during each option period.
The 47,000-square-foot store is situated on a 2.98-acre site with redevelopment opportunities noted for the future. The property is located on N. Hermitage Street, identified as a major throughway with traffic counts exceeding 21,000 vehicles per day, and it is described as being across from Walmart. Additional nearby tenants mentioned include GameStop, Golden Corral, UPMC Urgent Care, Dairy Queen, Sheetz, and Dollar General.
As presented, this offering is positioned as a passive investment with a replaceable rent structure tied to the existing lease terms.
The 47,000-square-foot store is situated on a 2.98-acre site with redevelopment opportunities noted for the future. The property is located on N. Hermitage Street, identified as a major throughway with traffic counts exceeding 21,000 vehicles per day, and it is described as being across from Walmart. Additional nearby tenants mentioned include GameStop, Golden Corral, UPMC Urgent Care, Dairy Queen, Sheetz, and Dollar General.
As presented, this offering is positioned as a passive investment with a replaceable rent structure tied to the existing lease terms.
Key Highlights
- Levin Furniture freestanding furniture retail building in Hermitage, PA (47,000 SF) on a 2.98‑acre site
- NNN lease structure with minimal landlord responsibilities and a replaceable rent
- New 5‑year lease signed; 4+ years remaining in the base term with five renewal options
Property Analytics
Property Profile
Current Use
Lease Details
21,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
160k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 64%
Shops & Services 13%
Dining 13%
Home Improvements & Furnishings 4%
Walmart
Superstores
102,109 visits/mo
0.2 miles
Golden Corral
Dining
20,070 visits/mo
0.3 miles
Dollar General
Shops & Services
7,565 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
6,817 visits/mo
0.1 miles
Petco
Shops & Services
6,591 visits/mo
0.3 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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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding furniture retail property on a multi-acre site with a NNN lease and a recently renewed 5-year term.
Where is this retail space located?
The property is located at 1340 N Hermitage Rd Hermitage, PA.
What are key features of this property?
This property features: Levin Furniture freestanding furniture retail building in Hermitage, PA (47,000 SF) on a 2.98‑acre site; NNN lease structure with minimal landlord responsibilities and a replaceable rent; New 5‑year lease signed; 4+ years remaining in the base term with five renewal options
