Listed by Marcus & Millichap - San Francisco
$1,928,000
Plaza Azteca
Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,744
Units 1
Cap Rate 7%
NOI $135,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 13
Lease Expiration 11/17/2037
Remaining Term 11.5
Rent Bumps Yes
Lease Options Two, 5-year
Price per SqFt $406
Broker Co-Op Yes
Year Renovated 2025
Buildings 1
Acreage 1.190
Lease Commencement 11/18/2024
Ownership Fee Simple
12+ Years Remaining on Absolute NNN Lease
Marketing description
+ 12+ Years Remaining on Absolute NNN Lease
+ 10% Rent Increases
+ Recently renovated for Plaza Azteca
Investment highlights
+ Located in the Pittsburgh MSA - over 115,000 people within 5-miles
+ Across from a newly constructed Starbucks - other nearby tenants include McDonald’s, Lowe’s, Chick-fil-A, NTB,
Chase Bank, Mr. Tire and more
+ One block from Gateway High School with over 1,100 students
+ 1-mile from Miracle Mile Shopping Center - over 300,000 SF of retail
+ Positioned between Forbes Hospital and UPMC East Hospital (440 combined beds)
+ Proximity to US-22 and the Pennsylvania Turnpike running east to west across the state
Listing Contacts
Listed by Marcus & Millichap - San Francisco
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,000.00
$11,250.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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