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1243 N Center Ave
Somerset, PA 15501

$1,125,000 USD

Freestanding For Sale  •  5,891 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 5,000 SF
  • Lot Size 0.46 AC
  • Building Class C
  • Year Built 1990
  • Cap Rate 6.00 %
  • Tenancy Single
0 Transit Score
44 Walk Score

Highlights

Investment-grade tenant Sherwin-Williams (S&P BBB) with over 5,000 global locations and a $86B market cap.
Long-term, corporately guaranteed NN lease recently extended for 10 years; tenant has operated here since 1990.
Over $50,000 in capital improvements including new HVAC, expanded parking lot, and new water service line.
Built-in 10% rent increases in 2031 and each option period provide predictable yield growth.
Strong trade area with minimal competition and a solid blue-collar customer base driving steady sales.
Prime location off I-76 Somerset Interchange with excellent visibility and access along the area’s main retail corridor.
Cap Rate: 6.00 %

Public Transportation

AirportDriveWalkDistance
Arnold Palmer Regional 54 min - 32.9 mi
Matthew Gorman 215-603-6914 CBRE, Inc.
Matthew Gorman 215-603-6914 CBRE, Inc.