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AYR Wellness & Jersey Mike’s

$3,157,000

2242-2244 Oakland Avenue, Indiana, PA 15701

Active
Last Updated: 05/13/2026

8

Cap Rate

252,569

NOI

Details:
Cap Rate:    8%
NOI:    $252,569
Building Size:    7,780 sqft
Lot Area:    0.85 acres
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
Description:

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Situated at the corner of McKnight Road and Oakland Avenue along Indiana’s primary retail corridor, adjacent to the Indiana Mall and within two miles of Indiana University of Pennsylvania, offering excellent access and visibility.

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