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Hermitage Crossing 4 Retail Properties Offered at $7,307,445 CAD in Hermitage, PA
Investment Highlights
- Walmart Shadow Anchored: The property is shadow-anchored by a Walmart Supercenter with nearly 3M annual visits and strong customer traffic.
- Recent Leasing Momentum: Aspen Dental recently extended its lease through 2036 and May Tea & Coffee signed a new 5-year lease starting in 2025.
- Spin-Off Opportunity: The property can be sold in multiple parts, including a 4-tenant strip center and a vacant pad site.
- Daily Needs & Service Tenancy: The center features service-oriented tenants like Petco, Aspen Dental, UPMC, and T-Mobile that drive steady traffic.
- Immediate Value-Add Upside: The property is 79.2% occupied with five vacant units totaling 11,011 SF, offering lease-up value-add potential.
- Additional Land Site: An additional land parcel provides future development or resale opportunities.
Executive Summary
Broker of Record
Kyle Matthews
License # RB068831, RM423998 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RB068831, RM423998 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $7,307,445 CAD | Number of Properties | 4 |
| Price / SF | $102.92 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 9% | Total Building Size | 71,002 SF |
| Sale Type | Investment | Total Land Area | 31.77 AC |
| Status | Active |
| Price | $7,307,445 CAD |
| Price / SF | $102.92 CAD / SF |
| Cap Rate | 9% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 71,002 SF |
| Total Land Area | 31.77 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg C
1115-1167 N Hermitage Rd, Hermitage, PA 16148 |
Retail | 51,631 SF | 2006 | - |
| 1031-1049 N Hermitage Rd, Hermitage, PA 16148 | Retail | 9,200 SF | - | - |
|
Building A
1075-1101 N Hermitage Rd, Hermitage, PA 16148 |
Retail | 8,820 SF | 2006 | - |
|
National City
1055 N Hermitage Rd, Hermitage, PA 16148 |
Retail | 1,351 SF | 1900 | - |
Contacts
-
Jonah Yulish -
Zack Bates -
Ben Snyder -
Robert Anderson -
Matthews Real Estate Investment Services
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