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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29681637
32020784

3893 William Penn Hwy, Monroeville, PA 15146 For Sale

MC
NY 10401311477
Marcus & Millichap - Manhattan
CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
Unpriced
7 days on market
Updated 7 days ago

TOP 10% STORE I SUBMIT ALL OFFERS

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 12,900
Net Rentable (SqFt) 12,900
Units 1
NOI $429,828
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NN
Lease Term 25.7
Lease Expiration 01/31/2036
Remaining Term 9.5
Rent Bumps Yes
Lease Options 10, 5-Year
Broker Co-Op Yes
Class A
Year Built 2010
Year Renovated 2010
Buildings 1
Stories 1
Acreage 1.790
Parking Spaces 65 spaces
Parking per 1,000 SqFt 5.04
Investment Type Net Lease
Lease Commencement 05/10/2010
Occupancy Date 06/08/2010
Ground Lease No
Ownership Fee Simple

Pittsburgh MSA I Portfolio or Individually I A+ Real Estate

Investment highlights

Top Performing Store —- Among all Pharmacy Visits (Per Placer.ai) this Store Ranks in the top 10% Nationwide and in Pennsylvania and Top 100% within a 5-Mile Radius Providing Additional Tenant Security

Health Hub Location —- One of a Select few CVS Locations that Features a Health Hub which Includes the Same Services as a CVS MinuteClinic Plus the Added Benefit of Wellness Support and a Wider Variety of Health Products

Active Retail Corridor —- Subject Property is Surrounded by a Host of the Nation’s Most Successful Retailers Including Target, Lowe’s, Aldi, Chick-fil-A, Five Guys, Taco Bell, Jiffy Lube, and Many More

Pittsburgh MSA Location —- Subject Property is Strategically Located In the Pittsburgh MSA - the 26th Most Populous Area in the U.S. with More Than 2.4 Million Residents and within 35-Miles from Pittsburgh International Airport

Limited Competition —- This Location Benefits from Being the Only Freestanding National Pharmacy Store within a 4-Mile Radius Providing Long Term Stability

Listing Contacts

MC
NY 10401311477
Marcus & Millichap - Manhattan
CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$429,828.00
$35,819.00/mo

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Additional Information

Name
Timothy Stephenson
License
PA RMR006104
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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