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2244 Oakland Ave
Indiana, PA 15701
AYR Wellness & Jersey Mike’s · Retail Property For Sale
Investment Highlights
- Limited Landlord Responsibilities With Attractive Annual Rent Increases - AYR’s Lease Features 3.00% Annual Rent Escalations
- Best In Class Tenant, Anchored By Publicly Traded Cannabis Operator - AYR Wellness, Inc. Is One Of The Largest Publicly Traded
- Strategically Located Less Than Two Miles From The Indiana University Of Pennsylvania Campus, With Over 11,000+ Students
- Long-Term, Steady Cash-Flow With A Weighted Average Lease Term Over 7 Years - Rare Drive-Thru Location For Jersey Mike's
- Well Positioned On Oakland Ave & McKnight Blvd Visible To Over 14,657+ VPD | Corner Lot Along Primary Thoroughfare
- Immediate Retail Synergy & Adjacent To The Indiana Mall | Primary Retail Corridor In Indiana | 450,000 Square Foot Shopping Mall
Executive Summary
Limited Landlord Responsibilities With Attractive Annual Rent Increases - AYR’s Lease Features 3.00% Annual Rent Escalations And Jersey Mike’s Rent Increases 2.00% Annually Throughout Remaining Base Terms And Option Periods
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,780 SF
Building Class
C
Year Built
1980
Price
$4,295,130 CAD
Price Per SF
$552.07 CAD
Cap Rate
8%
NOI
$343,623 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.02 AC
Zoning
C - Commercial
Amenities
- Pylon Sign
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