Listed by Sands Investment Group Los Angeles, Sands Investment Group Philadelphia, Sands Investment Group Charleston
$1,070,000
Advance Auto Parts - Pittsburgh, PA
Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 12,550
Cap Rate 7.80%
NOI $83,532
Occupancy 100%
Tenancy Single
Brand/Tenant Advance Auto Parts
Lease Type NN
Lease Term 25.1
Lease Expiration 11/30/2029
Remaining Term 3.5
Rent Bumps Yes
Lease Options 2 x 5 Year Options
Price per SqFt $85
Year Built 1988
Year Renovated 2025
Buildings 1
Acreage 0.290
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/10/2004
Ground Lease No
Advance Auto Parts | Two-Tenant Asset | Prime Auto Corridor - Pittsburgh, PA
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 12,550 SF Advance Auto Parts located at 1445 Babcock Boulevard in Pittsburgh, PA. The property features a two-tenant auto service and retail asset occupied by Advance Auto Parts and Rick Britenbaugh Auto Body. Positioned along the highly trafficked Babcock Boulevard corridor, the site benefits from approximately 23,000 vehicles per day, strong surrounding population density, and excellent visibility. This strategic location provides consistent consumer traffic and long-term retail exposure, making it an attractive investment opportunity in a well-established automotive retail corridor.
Investment highlights
- Two-Tenant Advance Auto Parts & Rick Britenbaugh Auto Body: Located on the Upper East Side of Pittsburgh, 5 miles from Downtown.
- Advance Auto Parts: Advance has 3+ years remaining on its lease and has been operating at this location for over 20 years.
- Rick Britenbaugh Auto Body: Local Pittsburgh tenant that has been at this location for over 18 years, occupying all 3 garages.
- Value-Add Opportunity: Rick Britenbaugh Auto Body is on a month-to-month lease at $24,000 annually ($5.56 PSF), well below market. The site includes three garages on the back side of the building, offering immediate potential to optimize value.
- Prime Auto Location: Situated along Babcock Boulevard, a high-traffic corridor with ~23,000 VPD and a 5-mile population of 296,020, delivering strong customer exposure for both tenants.
- Recent Capital Investment: Recent capital improvements include resealing and re-striping of the parking lot in 2025 & two HVACs were replaced in 2024, which significantly reduced near-term maintenance expenses.
Listing Contacts
Listed by Sands Investment Group Los Angeles, Sands Investment Group Philadelphia, Sands Investment Group Charleston
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,532.00
$6,961.00/mo
Valuation Metrics
0
DSCR
7.81%
Cap Rate
7.81%
ROI
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