7-Eleven (Dark) | Cash Flowing Redevelopment Opportunity
Retail | 9.00% CAP | 1,908 SqFt
Marketing description
AiCRE Partners, as exclusive investment sales advisor to Seller, is pleased to offer the opportunity to acquire the fee simple interest of Dark 7-Eleven in Pittsburgh, PA.
This offering presents a dark 7-Eleven location with approximately 4.5 years remaining on the absolute NNN lease, with rent scheduled through August 31st, 2030. The remaining rent is corporately guaranteed by 7-Eleven, Inc—the world’s largest convenience retailer with over 88,000 locations and an investment grade credit rating (S&P: A). The property consists of a 1,908 SF freestanding convenience store situated on a 0.74-acre corner parcel positioned at the signalized intersection of U.S. Route 19 (Perry Highway) and Three Degree Road in the North Pittsburgh submarket.
The site benefits from strong visibility and accessibility along Route 19, with combined traffic counts at the intersection exceeding approximately 25,000 vehicles per day at the surrounding intersection. The property is surrounded by established neighborhood retail and service-oriented businesses, including Dollar General, Rita’s, CITGO, Sheetz as well as nearby shopping centers such as Pines Plaza.
With the tenant currently dark (store closed), the property presents investors and developers with a compelling redevelopment or repositioning opportunity at a highly visible signalized corner within a well-established retail corridor. The existing convenience store infrastructure, corner positioning, and strong surrounding traffic patterns create the potential for a variety of future uses including quick-service restaurant, drive-thru retail, medical retail, automotive services, or modern convenience retail concepts.
For Additional Information Visit https://aicrepartners.com/
Investment highlights
CASH FLOWING REDEVELOPMENT OPPORTUNITY: The property is a former 7 Eleven location situated on a 0.74-acre hard corner parcel along Perry Highway in the North Pittsburgh / Route 19 retail corridor. With the tenant vacating, the asset presents a compelling cash flowing opportunity for investors or developers to reposition or redevelop the site for a new retail, restaurant, or service-oriented use.
WELL-LOCATED AND HIGHLY VISIBLE CORNER PARCEL: The 0.74-acre parcel provides a highly functional footprint for a variety of retail or restaurant concepts. The corner positioning, signalized access, and established commercial surroundings make the property well suited for quick-service restaurant, convenience retail, medical, or service-oriented redevelopment.
SIGNALIZED HARD CORNER WITH STRONG TRAFFIC COUNTS: The property is located at a signalized intersection of Perry Highway (Route 19) and Three Degree Rd with combined traffic counts exceeding 25,558 vehicles per day, providing excellent visibility and access. The site benefits from strong commuter traffic and convenient connectivity to surrounding neighborhoods and major retail centers throughout North Pittsburgh.
DENSE PITTSBURGH RETAIL TRADE AREA: The property is located within a well-established retail corridor in the North Pittsburgh / Route 19 submarket, serving a population of over 143,000 residents within a 5-mile radius and more than 61,000 households. The surrounding area is characterized by a stable and educated consumer base, with approximately 46% of residents holding a bachelor’s degree or higher within 5 miles, supporting strong long-term retail demand.
ESTABLISHED NORTH PITTSBURGH CORRIDOR: The property is positioned within a dense suburban retail corridor surrounded by major shopping destinations including Ross Park Mall, Ross Towne Center, McIntyre Square, and The Block Northway, all within a short drive of the property. The location serves a large and established consumer base and benefits from proximity to Downtown Pittsburgh approximately 10 miles south.
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