Major Tenants: Shop'n Save, Ollie's Bargain Outlet, Dollar Tree, Papa John's Pizza, Subway
99% Occupied, 115,468 SF Grocery-Anchored Community Shopping Center in Greensburg, PA
Anchored by Shop ‘n Save Supermarket (43% of GLA) – Leased to NNN Terms Thru June 2028
Shop ‘n Save is a Privately-Held Grocery Chain Supplied by SuperValu; Based in Pittsburgh with 76 Locations Throughout Western PA, West Virginia, New York, Ohio, and Maryland
Co-Anchored by Ollie’s Bargain Outlet (35% of GLA) – Tenant Since 2004; Recent 5-Year Extension into 2029
Dollar Tree (9% of GLA) – In-Place Since 2012 with Recent Extension into 2027
Above-Mentioned Three Major Tenants Occupy 87% of GLA and Contribute 77.8% of Gross Revenue
23% of GLA is Easy-to-Lease Small-Shop Units (7 of 8 Occupied) Ranging from 950 to 3,000 SF
Subway & Fantastic Sam’s have both been In-Place Since 1990/1991 with Histories of Numerous Renewals
Pittsburgh Street Beverage & Szechuan Garden In-Place for 15 Years & 23 Years, Respectively
New 10-Year NNN Lease with Papa John’s – 2,364 SF at $19.75/SF NNN
Offered Well-Below Replacement Cost at $73/SF
Cheap/Replaceable Rents of $6.25/SF NNN ($8.03/SF All-in) and Low Operating Expenses of Only $2.13/SF
Majority of Tenants are Subject to Pro-Rata NNN Leases – 83% Recapture of Landlord Operating Expenses
Offering Consists of 3 Individual Retail Buildings Situated on 2 Parcels Totaling 8.7 Acres
Immediately Adjacent to Site of New Sheetz with Anticipated Delivery in 2025
Located Along E Pittsburgh Street with Strong Traffic Counts of 17,900 VPD, Just West of the Primary Retail Corridor Serving the Eastern Side of Greensburg
Located Near the Center Mass of Greensburg’s Population with Infill Demographics – 9,473 Residents within 1-Mi
Middle-Income Demographics: 5-Mile Population of 68,922 with AHHI of $76K
Greensburg, PA – County Seat of Westmoreland County, Part of the Pittsburgh MSA which is Home to a Population of more than 2.3 Million, Less than 15 Miles East of Pittsburgh Suburbs