Property summary
This exceptional investment opportunity presents a fee-simple interest in a 7,780 square foot retail property located at 2244 Oakland Ave, Indiana, PA 15701. The property boasts two buildings on a 0.85-acre lot, currently 100% occupied by Jersey Mike's Subs and AYR Wellness, a publicly traded cannabis operator. Both tenants operate under a net lease structure with limited landlord responsibilities, offering a passive income stream. The weighted average lease term remaining is approximately… 9.5 years, commencing April 26, 2022, and expiring May 30, 2034. Annual rent bumps are in place, with Jersey Mike's at 2% and AYR Wellness at 3%. Lease options exist for both tenants. The property enjoys a prime location on a major retail corridor, adjacent to the Indiana Mall and within close proximity to Indiana University of Pennsylvania, benefiting from significant traffic and a strong local economy. The property's strong tenant lineup, long lease terms, and attractive cap rate of 7.5% (based on a Net Operating Income of $239,184 and an asking price of $3,190,000) make it an ideal addition to any diversified investment portfolio. The property's location near numerous national retailers and the university further enhances its value and potential for long-term growth. Pennsylvania's limited number of cannabis dispensaries adds to the investment's appeal. The property offers a compelling combination of stability, growth potential, and passive income generation.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 8 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Alternative use
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