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105 Willow St
Kittanning, PA 16201
Retail Property For Sale
Investment Highlights
- Recent Renovations - HVAC was replaced in 2024 (one, 5-ton unit).
- Recent Extension - Sherwin-Williams recently extended their lease for another 5 years.
Executive Summary
Recent Renovations - HVAC was replaced in 2024 (one, 5-ton unit)
Recent Extension - Sherwin-Williams recently extended their lease for another 5 years and accepted the 10% rent increase; tenant has occupied subject property since 2005 showing strong commitment to the site
Extremely Low Rent - Subject property is one of the lowest rent Sherwin-Williams on the market
Investment Grade Tenant - Sherwin-Williams holds a BBB rating from S&P and is considered an investment-grade credit tenant. This rating ensures a high likelihood of on-time payments and offers stability to investors
County Seat - Kittanning is the county seat of Armstrong County and is situated just 36 miles northeast of Pittsburgh (toward Penn State University) Relocation Site - Sherwin-Williams relocated to this site for improved efficiency for their inventory fulfillment
Recent Extension - Sherwin-Williams recently extended their lease for another 5 years and accepted the 10% rent increase; tenant has occupied subject property since 2005 showing strong commitment to the site
Extremely Low Rent - Subject property is one of the lowest rent Sherwin-Williams on the market
Investment Grade Tenant - Sherwin-Williams holds a BBB rating from S&P and is considered an investment-grade credit tenant. This rating ensures a high likelihood of on-time payments and offers stability to investors
County Seat - Kittanning is the county seat of Armstrong County and is situated just 36 miles northeast of Pittsburgh (toward Penn State University) Relocation Site - Sherwin-Williams relocated to this site for improved efficiency for their inventory fulfillment
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,287 SF
Building Class
C
Year Built
1951
Price
$861,435 CAD
Price Per SF
$200.94 CAD
Cap Rate
6.71%
NOI
$57,774 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.70
Lot Size
0.14 AC
Zoning
B3 - provide a wide range of retail, service and business uses serving local and Countywide areas
Parking
10 Spaces (2.33 Spaces per 1,000 SF Leased)
Frontage
45’ on Willow Street
Amenities
- Corner Lot
- Air Conditioning
Property Taxes
| Parcel Number | 21-0-014196 | Improvements Assessment | $28,499 CAD |
| Land Assessment | $35,142 CAD | Total Assessment | $63,641 CAD |
Property Taxes
Parcel Number
21-0-014196
Land Assessment
$35,142 CAD
Improvements Assessment
$28,499 CAD
Total Assessment
$63,641 CAD
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