Hermitage Crossing

Walmart Shadow Anchored: The property is ideally positioned next to a heavily trafficked Walmart Supercenter with nearly 3M annual visits, ranking in the 88th percentile nationally.
Daily Needs & Service Tenancy: Hermitage Crossing features daily needs and service-based tenants such as Petco, Aspen Dental, UPMC, T-Mobile, Sport Clips, Sally Beauty Supply, GNC, and GameStop, driving strong synergy and traffic.
Recent Leasing Momentum: A 10-year extension with Aspen Dental takes their lease through October 2036, and a new 5-year lease with May Tea & Coffee begins in 2025.
Immediate Value-Add Upside: The asset is currently 79.2% occupied with 5 vacant units totaling 11,011 SF, providing immediate upside through lease-up.
Spin-Off Opportunity: The property can be sold in multiple parts, including a 4-tenant strip center and a vacant ±1,311 SF pad site, offering flexibility for new ownership.
Additional Land Site: There is an additional land site available for development or separate sale.
Offered Free and Clear: The property is offered free and clear of existing financing and significantly below replacement cost.
Strong Anchor Tenants: Anchored by Petco, Aspen Dental, T-Mobile, and UPMC, with Walmart shadowing, ensuring consistent traffic and stability.
Below Replacement Cost: The offering price is significantly below replacement cost for a center of this quality and size.

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