Boscov's Butler
101 Clearview Cir Butler , PA 16001-1576

Boscov's Butler - retail for sale

6.02 ac
Retail --Single tenant/Standalone Sale/Purchase
USD $7,433,000

Description

JLL is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Boscov’s in Butler, Pennsylvania, which is 27 miles north of Pittsburgh and a part of the city’s MSA. Boscov’s has been an anchor tenant at the Clearview Mall since 1998 and recently exercised their first of five (5), five (5) year options, demonstrating their continued commitment to the area. Boscov’s is currently paying a net rent of $3.43 per square foot, which is below replacement cost and gives the new owner of the 200,000 square feet building flexibility and potential rental upside.


Boscov’s benefits from its excellent accessibility to a large consumer draw, as it sits along PA Route 8 (22,000 vehicles per day) and is attached to the Clearview Mall. National and renowned retailers such as Dollar General, Wendy’s, ALDI, Advance Auto Parts, Texas Roadhouse, Rural King, Eat’n Park, Giant Eagle, and Sheetz are within a mile from the premises, further driving customers to the area.


Boscov’s is America’s largest family owned department store. The company operates nearly 50 stores across the states of Pennsylvania, New Jersey, Maryland, New York, Connecticut, Delaware, Ohio and Rhode Island. Each store contains "virtually everything", according to current CEO, Jim Boscov. The company not only sells clothing and shoes for all genders and ages, but it also has a candy department, beauty and cosmetic shop, houseware items, jewelry and more.