Ground-Leased Retail NNN
For Sale
Contact for pricing
300 Racetrack Road, Washington, PA 15301
New 15-year NNN ground lease with zero landlord responsibilities, positioned at the entrance to a regional entertainment complex.
Property SizeContact for details
Days on Market125
Property Features for 300 Racetrack Road
General Information
Standard status
Active
Property subtype
Retail
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Lease Term
180 months
Listing Agency:
Hanna Commercial Real Estate - Pittsburgh
(412) 261-2200
Listed By:
Z. Scott Smith · License #PA RS 188990L
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 5:11AM
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 Hanna Commercial Real Estate - Pittsburgh
Investment Insights
Based on property information with market context.
The property is offered as a new 15-year NNN ground lease described as having zero landlord responsibilities or expenses. The lease is tied to a high-profile site at the entrance to the Meadows Casino and Racetrack entertainment complex. The agreement includes seven additional five-year renewal options with 10% rental increases in each option.
The site is located at the signalized intersection of Racetrack Road and Meadows Drive. The tenant investment includes construction of Sheetz’s newest prototype planned for early 2019. Racetrack Road provides a connection between I-79 and Route 19 and is described as lined with hotels, restaurants, and the Tanger Outlet Mall. The Meadows Casino and Racetrack is described as over 350,000 SF, open 24 hours, and drawing over 3.6 million visitors annually, while Tanger Outlets is described as having over 78 major retailers serving shoppers from West Virginia, Ohio, and Western Pennsylvania.
The site is located at the signalized intersection of Racetrack Road and Meadows Drive. The tenant investment includes construction of Sheetz’s newest prototype planned for early 2019. Racetrack Road provides a connection between I-79 and Route 19 and is described as lined with hotels, restaurants, and the Tanger Outlet Mall. The Meadows Casino and Racetrack is described as over 350,000 SF, open 24 hours, and drawing over 3.6 million visitors annually, while Tanger Outlets is described as having over 78 major retailers serving shoppers from West Virginia, Ohio, and Western Pennsylvania.
Key Highlights
- New 15‑year NNN ground lease with zero landlord responsibilities or expenses
- Located at the entrance to the Meadows Casino and Racetrack entertainment complex
- Entrance position at the signalized intersection of Racetrack Road and Meadows Drive
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
123k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 38%
Hotels & Casinos 18%
Sheetz
Shops & Services
46,455 visits/mo
0.1 miles
Primanti Bros.
Dining
20,313 visits/mo
0.2 miles
Starbucks
Dining
15,184 visits/mo
0.2 miles
Waffle House
Dining
10,341 visits/mo
0.5 miles
Hyatt Place
Hotels & Casinos
7,860 visits/mo
0.1 miles
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 Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
NNN property - New 15-year NNN ground lease with zero landlord responsibilities, positioned at the entrance to a regional entertainment complex.
Where is this nnn property located?
The property is located at 300 Racetrack Road Washington, PA.
What are key features of this property?
This property features: New 15‑year NNN ground lease with zero landlord responsibilities or expenses; Located at the entrance to the Meadows Casino and Racetrack entertainment complex; Entrance position at the signalized intersection of Racetrack Road and Meadows Drive
