Technical
Financial
Distress signals
Property profile

1033 Ctr Ave Somerset, PA 15501

OFF-MARKET
Turn key restaurants
Property ID
US73-4183866
0.65 ac lot Built 2006
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a Starbucks-occupied site in Somerset, Pennsylvania, located along a major retail corridor near Interstate 76 and surrounded by national retail users including Walmart, Lowe’s, Aldi, McDonald’s, Sheetz, and Tractor Supply. The arrangement is structured as a ground lease featuring a separated ownership model in which the tenant owns the building and improvements while the land is owned by the landlord, resulting in a framework commonly described as an absolute NNN ground lease with limited landlord operational responsibilities. The site has been occupied since approximately 2007, reflecting long-term operational use of the improvements within this lease structure.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2006
Lot 0.65 ac (28,183 SF)
APN S41-021-012-002
UPID US73-4183866

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop

Location

1033 Ctr Ave Somerset, PA 15501-1033
Somerset metro Census 21000 SOMERSET, PA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$965k

Owner & transaction history

since 2018
1 recorded transaction
2018
$965,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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