Giant Eagle & GetGo - Somerset, PA

1606 North Center Avenue, Somerset, PA

Market Price

Price

60,842 sqft

Building Size

6.02 acres

Lot Area

Overview
Building Size
60,842 sqft
Lot Area
6.02 acres
Lease Type
Absolute Net
Year Built
1982
Parking Spots
227
Description

Mid-America Real Estate Corporation, in cooperation with Benjamin J. Wineman and ECHO Retail (both licensed Pennsylvania real estate brokers), has been retained on behalf of the owner to sell the 100% fee simple interest the Giant Eagle and GetGo in Somerset, Pennsylvania. Giant Eagle and GetGo are operating on an absolute NNN lease with almost 10 years of base term, and no landlord maintenance responsibilities, making it a truly passive investment.

The offering represents a rare occasion to purchase a collection of highly coveted, seldom available market-leading Giant Eagle grocery stores operating on long-term net leases. In addition to Somerset, there are three other Giant Eagle and GetGo assets available as a part of the portfolio opportunity. Further information on the other properties can be found in their individual Offering Memorandums.

Highlights
  • COMPLEMENTARY CO-TENANCY
  • TRULY PASSIVE INVESTMENT WITH LONG-TERM STABILITY
  • LOW BASIS RENT
  • IDEAL MARKET POSITIONING
  • ACCRETIVE CASH FLOW
  • LEVERAGED RETURNS
  • OPTION TO PURCHASE AS GROCERY PORTFOLIO
Documents
Title
Offering Memorandum
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Location
Gallery