55 Sugar Run Rd, Waynesburg, PA 15370
78,400 SF | 100% Leased | Retail Building | Waynesburg, PA 15370 | $5,749,000 ($73/SF) | 9% Cap Rate
For Sale
Active
Asking Price $5,749,000
- Property Type
-
Retail
- Square Feet
- 78,400 SF
- Price / Square Foot
- $73
Listing Contacts
Steven Roberts
Matthew Mousavi
Patrick Luther
Property Overview
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a TSC-anchored, 95% occupied, multi-tenant retail center investment property located in Waynesburg, Pennsylvania. The anchor tenant, Tractor Supply Co., has operated on site for more than 10 years and recently executed its first 5-year option extension, with another three (5-year) options remaining, demonstrating their commitment to the site. The subject Tractor Supply Co. is among the top-performing stores within its chain, ranking No.1 within a 30-mile radius, and in the top 80 percentile both statewide and nationwide. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. Junior anchors, Used to be Your Thrift Store and Aaron’s, have also recently signed brand-new 10-year leases, ensuring that 67% of GLA has no short-term rollover. Other tenants in the center also feature a strong e-commerce lineup, including restaurants, retailers, and service-based tenants. Most tenants are on NNN leases, limiting expense leakage and making it an ideal, low-management investment opportunity for an out-of-state investor.
Property Details
- Class
- B
- Year Built/Renovated
- 1989/2003
- Stories
- 1
- Property Subtype
- Freestanding, Warehouse
- Lot Size (sq. ft)
- 386,377 SF
Highlights
- 95% Leased Center | Top-Performing Tractor Supply Co. Anchor | Newly Signed Leases & Extensions
- No Short-Term Rollover | Strong E-commerce Resistant Tenants Line-Up
- Across From Giant Eagle Anchored Center | Excellent Visibility & Quick Access to Interstate-74
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