2242 Oakland Ave

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2242 Oakland Ave

Indiana, PA 15701
Asking Price
$3.16M
Cap Rate
8%
Asset Type
Restaurant Retail
Class
Class B

What's Special

Long WALT W/ Annual Increases | Close Proximity to Indiana University of Pennsylvania <ul><li>​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</li><li>​Long-Term, Steady Cash-Flow with a Weighted Average Lease Term Over 7 Years - Rare Drive-Thru Location for Jersey Mike's</li><li>​Best In Class Tenant, Anchored By Publicly Traded Cannabis Operator - AYR Wellness, Inc. is one of the largest publicly traded,

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NOI
$80,000
Cap Rate
2.53%
DSCR
0.43
Underwater
Cash-on-Cash
-11.34%
Monthly Payment
$15,619.113
Annual Cash Flow
$-107,429.362

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