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For Sale

AYR Wellness & Jersey Mike’s

2242-2244 Oakland Avenue,
Indiana, PA 15701

Asset Snapshot

$252,569
NOI
2024
Year Renovated

Offering Summary

Investment Overview

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Investment Highlights

  • 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
  • Long-Term, Steady Cash-Flow With A Weighted Average Lease Term Over 7 Years - Rare Drive-Thru Location For Jersey Mike's
  • Best In Class Tenant, Anchored By Publicly Traded Cannabis Operator - AYR Wellness, Inc. Is One Of The Largest Publicly Traded, Vertically Integrated, Multi-State Cannabis Dispensary Operators With 97 Retail Locations Across 7 States
  • Well Positioned On Oakland Ave & Mcknight Blvd Visible To Over 14,657+ VPD | Corner Lot Along Primary Thoroughfare
  • Strategically Located Less Than Two Miles From The Indiana University Of Pennsylvania Campus, With Over 11,000+ Students - Positively Contributes To The Local Economy, Increasing Demand For Retail Services
  • Immediate Retail Synergy & Adjacent To The Indiana Mall | Primary Retail Corridor In Indiana | 450,000 Square Foot Shopping Mall Home To National Retailers Including Dunham’s Sports, Harbor Freight Tools, Jcpenney, Kohl’s, And Maurices
  • Close Proximity To Many National Retailers Including: Walmart, ALDI, Lowe’s, Giant Eagle, Petsmart, And TJ Maxx, CVS, Autozone, Advance Auto Parts, O'Reilly Auto Parts, Chipotle, Burger King, Wendy's, Popeye's And Many More
  • Population Within 3-Miles Exceeds 27,080 And Growing With An Average Household Income Of $70,000

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Listing Syndicated From

Buildout
For Sale
$2,971,400
Asking Price