Two-Tenant NNN Retail
For Sale
Contact for pricing
3180 Glimcher Boulevard, Hermitage, PA 16148
Build-to-suit center with two occupants, triple-net leases, and a roof warranty in place.
Property SizeContact for details
Lot Size1.44 Acres
Days on Market143
Property Features for 3180 Glimcher Boulevard
General Information
Standard status
Active
Lot size
1.44 Acres
Property subtype
Retail
Additional Details
Traffic Count
25,610 vehicles/day
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Columbus
(216) 264-2000
Listed By:
Craig Fuller · License #OH 2008001551
Source:
Crexi
Added: Apr 10
Changed: Aug 29
Last Checked: Aug 29 at 7:17PM
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 Marcus & Millichap - Columbus
Investment Insights
Based on property information with market context.
Located at 3180 Glimcher Boulevard, this two-tenant retail property was developed as a build-to-suit project for Mattress Firm and Five Guys. The improvements occupy an oversized 1.438-acre outparcel to Shenango Commons, a 276,500-square-foot community shopping center. Both leases are structured on a triple-net basis, with tenants responsible for their pro-rata share of real estate taxes, common area maintenance, the related 10 percent administrative fee, and insurance.
The leases commenced in July 2016 for an initial 10-year term. Mattress Firm provides a 10 percent increase at the start of year six and during each of its two five-year options, while Five Guys provides a 12 percent increase on the same schedule. The property also includes a roof warranty. Shenango Commons is anchored by Lowe’s, Shenango Valley Cinema, and Planet Fitness, with additional retailers including Tractor Supply Co., Cosmo Prof, Goodwill, First National Bank, and Famous Hair.
The site is positioned at an intersection reporting 25,610 cars per day, with 34,158 residents within three miles and 50,155 within five miles.
The leases commenced in July 2016 for an initial 10-year term. Mattress Firm provides a 10 percent increase at the start of year six and during each of its two five-year options, while Five Guys provides a 12 percent increase on the same schedule. The property also includes a roof warranty. Shenango Commons is anchored by Lowe’s, Shenango Valley Cinema, and Planet Fitness, with additional retailers including Tractor Supply Co., Cosmo Prof, Goodwill, First National Bank, and Famous Hair.
The site is positioned at an intersection reporting 25,610 cars per day, with 34,158 residents within three miles and 50,155 within five miles.
Key Highlights
- Two‑tenant retail center occupied by Mattress Firm and Five Guys
- 1.438‑acre outparcel within the 276,500‑square‑foot Shenango Commons shopping center
- 10‑year leases commenced in July 2016
Property Analytics
Current Use
Lease Details
25,610 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
386k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 21%
Apparel 9%
Home Improvements & Furnishings 9%
Hobby Lobby
Shops & Services
32,457 visits/mo
0.3 miles
Kohl's
Apparel
27,471 visits/mo
0.2 miles
Aldi
Groceries
26,661 visits/mo
0.3 miles
McDonald's
Dining
26,223 visits/mo
0.4 miles
Starbucks
Dining
24,727 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Build-to-suit center with two occupants, triple-net leases, and a roof warranty in place.
Where is this nnn property located?
The property is located at 3180 Glimcher Boulevard Hermitage, PA.
What are key features of this property?
This property features: Two‑tenant retail center occupied by Mattress Firm and Five Guys; 1.438‑acre outparcel within the 276,500‑square‑foot Shenango Commons shopping center; 10‑year leases commenced in July 2016
