Men's Wearhouse | Early Lease Extension | New Roof
8.00% CAP | Down The Road From Walmart's First-Ever Mall Purchase
Marketing description
Surmount is pleased to present the exclusive listing for a Men's Wearhouse located at 3911 William Penn Highway, Monroeville, PA 15146. The site consists of roughly 6,051 rentable square feet of building space on an estimated 0.54-acre parcel of land. This Men's Wearhouse is subject to a 10-year Double Net (NN) lease, which commenced 8/1/2010. The current annual rent is $185,221 and has scheduled increases of 10.00% every 5 years.
Investment highlights
Double-Net (NN) Lease | Minimal Landlord Responsibilities | The lease of the subject property is double-net with limited landlord responsibilities. The landlord is only responsible for the roof and structure of the building and the roof was recently fully replaced in 2023 with a 20-year warranty.
Tenant Recently Executed A Seven (7)-Year Lease | Extension | 15+ Year Operating History Men’s Wearhouse entered the space in 2010 and has been operating for 15+ years. The tenant recently executed a seven-year extension, showing strong commitment to the site.
Roof Replaced In 2023 | Twenty (20)-Year Warranty | The landlord is only responsible for the roof and structure of the property, and the roof was recently replaced in 2023 with a 20-year roof warranty.
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