Corry Plaza
Corry Plaza: 8% CAP Rate Investment Opportunity
Marketing description
Corry Plaza, located at 320-390 W Columbus Ave, Corry, PA 16407, is a compelling retail investment opportunity offered at $6,350,000 with a 8% cap rate. This 108,367-square-foot shopping center serves as one of Corry’s dominant retail destinations, drawing consumers from a broad trade area with limited competing inventory within more than 20 miles. Anchored by nationally recognized, necessity-based tenants including Tractor Supply, CVS, Family Dollar, and KeyBank, the property benefits from steady daily traffic and durable in-place income. Additional tenants in wireless, service retail, and convenience-oriented categories further diversify the rent roll and support consistent customer activity. The center currently generates $653,295 in annual rental income and $477,941 in NOI, with favorable reimbursement structures from select tenants helping reduce landlord expense exposure and strengthen cash flow. Positioned along W Columbus Avenue with traffic counts of approximately 8,919 vehicles per day, Corry Plaza is surrounded by well-known retailers, restaurants, schools, and community destinations. With strong national tenancy, essential retail appeal, and a commanding presence in the market, Corry Plaza offers investors a stable income stream with upside through lease-up of the existing vacant space.
Investment highlights
Strong National Anchor Tenancy: The center is anchored by Tractor Supply, CVS, Family Dollar, and KeyBank. Nationally recognized tenants that drive consistent traffic all year long and provide long-term stability.
Tenants span essential categories including pharmacy, discount retail, banking, wireless, and service retail supporting consistent consumer demand.
Corry Plaza serves as one of the primary retail centers in the trade area, benefiting from limited competing inventory and capturing a wide customer base.
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