Warehouse with NNN
For Sale
$7,143,000
1500 W Chestnut Street, Washington, PA 15301
Fulfillment and distribution facility leased to MAC Discount with limited landlord obligations.
Property Size147,608 SF
Days on Market90
Property Features for 1500 W Chestnut Street
General Information
Standard status
Active
Size
147,608 SF
Property subtype
Retail
Building Details
Building Size
147,608 SF
Year Built
1969
Year Renovated
2021
Tenancy
Single
Abandoned
No
Listing Agency:
(248) 324-2000
Listed By:
Steven Silverman
Source:
Friedmanrealestate
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 30 at 2:05PM
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 Steven Silverman
Investment Insights
Based on property information with market context.
This warehouse property is occupied by MAC Discount and supports the tenant’s regional logistics operations, including inventory processing, fulfillment, in-store distribution, online sales, and daily auctions. The building was constructed in 1969 and serves as a warehouse and processing facility within the tenant’s network.
The lease is structured as NNN, with the tenant responsible for taxes, insurance, and operating expenses. Landlord obligations are limited to the roof, which is currently covered by a warranty. The lease runs through August 31, 2031, with approximately 5.5 years remaining. The property is a standalone parcel within Franklin Crossroads Park, an industrial redevelopment of the surrounding mall area.
The lease is structured as NNN, with the tenant responsible for taxes, insurance, and operating expenses. Landlord obligations are limited to the roof, which is currently covered by a warranty. The lease runs through August 31, 2031, with approximately 5.5 years remaining. The property is a standalone parcel within Franklin Crossroads Park, an industrial redevelopment of the surrounding mall area.
Key Highlights
- NNN lease runs through August 31, 2031, with approximately 5.5 years remaining
- Tenant reimburses taxes, insurance, and operating expenses
- Landlord responsibility limited to the roof, which is currently under warranty
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15301, PA
48,963
Population
24,001
Households
2
Avg Household Size
45
Median Age
27%
College-Educated
92%
High-School Grad
122.0 sq mi
ZIP Area
401
Density / Sq Mi
$69,275
Median Household Income
$43,546
Median Earnings
$927
Median Rent
$205,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - Fulfillment and distribution facility leased to MAC Discount with limited landlord obligations.
Where is this warehouse located?
The property is located at 1500 W Chestnut Street Washington, PA.
What is the asking price?
The asking price for this property is $7,143,000.
What are key features of this property?
This property features: NNN lease runs through August 31, 2031, with approximately 5.5 years remaining; Tenant reimburses taxes, insurance, and operating expenses; Landlord responsibility limited to the roof, which is currently under warranty
