Freestanding Retail NNN
1340 N Hermitage Rd Hermitage, PA 16148
1340 N Hermitage Rd, Hermitage, PA, 16148
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For Sale
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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 Market104
Property Features for 1340 N Hermitage Rd
General Information
- Standard status
- Active
- Size
- 47,000 SF
- Lot size
- 2.98 Acres
- Property subtype
- Retail
Listing agency
CBRE - Philadelphia Suburban
(484) 567-2340
Listed by
Matthew Gorman · License #PA RS287470
Source
Crexi
Added: Apr 11 Updated: Jul 23 at 3:05AM 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
Location Intelligence
Current Use by Public Records
Harbor Freight Tools
Building Supply
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FAQs
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
