Hermitage, PA - Valvoline

Description:

• Valvoline Corporate guaranteed lease
• The tenant, Valvoline, recently signed a 15-year ground lease with 3 (5-Year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5-years throughout the initial term and at the beggining of each option period

• The subject property is located directly across from Hermitage Crossing,
a 75,000+ square foot shopping center anchored by Walmart and features other national/credit tenants, including PetCo, Game Stop, and Sports Clips
• Less than two miles from Hermitage Towne Plaza, a 100,000+ square foot shopping center anchored by Giant Eagle Supermarket and features other national/credit tenants, including Big Lots, Pet Supplies, Dunham Sports, and more
• Strong tenant synergy promotes crossover shopping to the subject property