Thomas English
Listed by ParaSell Inc, Thomas English, Meta CRE LLC
$1,242,700
5537 Pittsburgh Rd
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,064
Units 37
Cap Rate 8.00%
NOI $99,416
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 09/30/2032
Rent Bumps Yes
Lease Options 3, 5-year options
Year Built 2017
Year Renovated 2024
Acreage 2.100
Parking Spaces 37 spaces
Parking Per SqFt 4.08
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/29/2017
Ground Lease No
Retail | 8.00% CAP | 9,064 SqFt
Investment highlights
- Absolute NNN lease – no landlord responsibilities
- 6+ years remaining on primary lease term
- Rent Commencement: 9/29/2017
- Lease Expiration: 9/30/2032
- 10% structured rent increases every 5 years in the option periods (3, 5-year options)
- Investment grade tenant (S&P: BBB)
- Tenant renovated the store in 2024 demonstrating long-term commitment to the market
- Average HH income of $94,123 within 3 miles
Listing Contacts
Thomas English
Listed by ParaSell Inc, Thomas English, Meta CRE LLC
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$99,416.00
$8,284.67/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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