Riverview Plaza - New Kensington, PA
Aldi Shadow Anchored NNN Retail Plaza with Strong National Tenancy & Traffic Drivers
Marketing description
Magna Carta Investment Group is Pleased to Exclusively Offer For Sale the 46,077 SF Riverview Plaza Located at 100 Tarentum Bridge Road in New Kensington, PA. This Deal is Located Just Off Tarentum Bridge Road, Which Sees Over 23,643 VPD, Providing For a Secured Investment.
Investment highlights
Over $750,000 Has Been Invested in the plaza over the past 2 years
Entire Roof was just replaced that comes with a 20 year transferable warranty
Back and side parking lot repaved April 2023
Shadow anchored by brand new Aldi directly adjacent to the property
New Starbucks & Harbor Freight Development just opened at adjacent property
Staples recently exercised a 5 year option at 25% rental increase showing the strength of the store
The center has a WALT of 4+ years providing for secure investment.
Recent Lease extension from Cricket Wireless (10% Increase), Verizon Wireless (51% Increase), and Planet Aid (5.25% Increase) showing tenants commitment to the site.
Strong Demographics with a population of 11,684 residents making an average household income of $93,43, within a 5 mile radius
Nearby retailers include Giant Eagle Supermarket, Walgreens, Busy Beaver, AutoZone, O’Reilly Auto Parts, and many more
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