501 N Main St

For Sale

501 N Main St, Chircora, PA 16025

This Chircora property for sale is located at 501 N Main St. The current listed sale price for 501 N Main St is $535,000.

Contacts

broker

Jesse Cortez

Harvest Real Estate Services

(412) 848-2016

Property Details

  • Property Type Retail - Strip
  • Property Size 2,520 SF
  • Units 2
  • Property Tenancy Multi-Tenant
  • Date Updated Mar 21, 2024
Chicora, PA, nestled in Butler County, showcases significant economic advancement, with the median household income increasing from $54,345 to $63,258 between 2010 and the present. This growth is amplified by recent bank mergers and infrastructure enhancements, highlighting the borough's burgeoning potential. Positioned strategically on PA Route 68, Chicora benefits from a unique blend of consistent economic development and infrastructural investments. The recent sale of the new Dollar Tree/Family Dollar across the street, at a 6.75% cap rate for $105 per square foot, exemplifies the area's attractiveness for investment. This combination of economic resilience, strategic location, and investment activity marks Chicora as a compelling destination within the Pittsburgh Metro Area.Harvest Commercial is pleased to introduce this investment opportunity at 501 N Main St, Chircora, PA. This 2,520 SF building comprised of 2 units, boasts a 100% occupancy. With triple net leases in place, landlord responsibilities are limited to roof, structural, and parking lot maintenance. Tenants cover all taxes, insurance, and property maintenance, ensuring a steady income stream. The property's Weighted Average Lease Term (WALT) of 2.9 years and a longstanding 20-year tenancy from Subway further solidifies its appeal as a secure and high-yield investment.

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Highlights

  • Triple Net Leases in-place with Landlord responsibility limited to roof, structural, and parking lot.
  • Tenant's pay all Taxes, Insurance, and Maintenance for the property
  • WALT of 2.9 years
  • Subway has been a tenant for 20 years

Getting around

  • 18/100

    Walk Score ®

  • 7/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chircora, PA
  • Neighborhood Chicora
  • Zip Code 16025
  • Market Pittsburgh

Points of Interest

  • Sunoco

    5.70 miles

  • Gulf

    6.91 miles

  • The Hometown Grill

    1.86 miles

  • Rocky's Pizza

    6.94 miles

  • Plaza Pantry

    7.12 miles

  • Overlook Inn

    8.46 miles

  • Garfield's

    9.55 miles

  • Wendy's

    9.62 miles

  • Eat'n Park

    9.63 miles

  • McDonald's

    9.64 miles

  • Friedman's Freshmarket

    0.08 miles

  • Giant Eagle

    9.41 miles

  • Boscov's

    9.45 miles

  • TJ Maxx

    9.48 miles

  • Clearview Mall

    9.50 miles

  • Sears

    9.50 miles

  • JCPenney

    9.53 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Jesse Cortez

Harvest Real Estate Services

(412) 848-2016