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27184165
27184166

1680 Washington Rd, Lot 1C, Pittsburgh, PA 15241

BH
PA PA RS335804
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia
$4,979,547
255 days on market
Updated 62 days ago

Bethel Park Retail Portfolio – Ethan Allen

Details
APN 0319-M-00140-0000-00-1C
Property Type Retail
Sub Type Storefront
Square Footage 9,999
Net Rentable (SqFt) 9,999
Units 1
Cap Rate 7%
NOI $348,568
Occupancy 100%
Tenancy Single
Brand/Tenant Ethan Allen
Lease Type NNN
Lease Term 20
Lease Expiration 06/29/2030
Remaining Term 4.1
Rent Bumps Yes
Lease Options N/A
Price per SqFt $498
Broker Co-Op Yes
Year Built 2010
Buildings 1
Stories 1
Lot Size (SqFt) 29,304
Parking Spaces 106 spaces
Parking Per SqFt 10.60
Investment Type Net Lease
Lease Commencement 06/25/2010
Ground Lease No
Ownership Fee Simple

7.00% CAP | Also Available with 3 Tenant Center & Fidelity Investments-Contact Listing Agent

Marketing description

Marcus & Millichap is pleased to present a NNN retail investment opportunity in the affluent Bethel Park suburb of Pittsburgh, Pennsylvania. Ethan Allen, located at 1680 Washington Road, sits along the market’s primary retail corridor—with traffic counts exceeding 44,000 VPD. It is part of a larger premier multi-tenant center which includes a three-tenant retail property and Fidelity Investments. The asset may be purchased individually or as a portfolio with the 3-tenant center and Fidelity Investments. All tenants are subject to net lease structures with scheduled rent escalations, ensuring inflation protection.

The property benefits from a prime location just eight miles south of downtown Pittsburgh, in one of the metro’s most affluent communities. The Bethel Park trade area is home to exceptional demographics, with median household incomes surpassing $131,000 in a 2 MI radius and over 71% of residents holding a bachelor’s degree or higher. The corridor is a well-established retail destination surrounded by top-tier national retailers, including Trader Joe’s, Fresh Market, and the Galleria at Mt. Lebanon Mall to the north, as well as Village Square and South Hills Village Mall to the south, anchored by Target, Macy’s, Dick’s Sporting Goods, Whole Foods, Best Buy, and The Home Depot. This concentration of national brands supports consistent traffic and reinforces the subject property’s long-term viability.

Pittsburgh’s broader metro economy continues to demonstrate steady growth and diversification. The region reported a 1.8% year-over-year increase in nonfarm employment as of mid-2025, driven by key sectors such as education and healthcare services (up 4.9%), professional services (up 1.7%), and financial activities (up 1.8%). The metro population has expanded to 2.44 million, while unemployment remains low at 3.9%, below the national average.

Investment highlights

  • Solid Rent Growth - Features 2.5% Rent Increases Every Year

  • Strategically Located - Bethel Park is an Upscale Community - $131,000+ AHHI

  • Dense Infill Population - 97,000+ Residents Within 3 Mile Radius of Subject

  • Excellent Visibility & Access - Two Points of Ingress/Egress W/ Frontage on Washington Rd – 44,000+ VPD

  • In Primary Retail Cluster - Neighboring Tenants Include Trader Joe’s, Chick Fil A, Whole Foods and Target

Listing Contacts

BH
PA PA RS335804
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$348,568.00
$29,047.33/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Timothy Stephenson
License
PA RMR006104
Title
Broker of Record
Name
Brian Higgins
License
PA RS335804
Brokerage
Marcus & Millichap
Brokerage Phone
2155317093
Brokerage Address
2005 Market Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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