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33518398

Perry Lane, Pittsburgh, PA 15229

JS
CA 02074212
CrownPoint Partners
SB
FL BK3629909, CT REB.0794450
CrownPoint Partners
Listed by CrownPoint Partners
$5,350,000
2 days on market
Updated 2 days ago

TSC | New 15-Year Corporate Lease | Pittsburgh MSA

Details
Property Type Retail
Square Footage 19,500
Net Rentable (SqFt) 19,500
Cap Rate 6%
NOI $321,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Year Built 2023
Acreage 6.320
Tenant Credit Corporate Guarantee
Ground Lease No

New 15-Year Corporate Lease | High-Visibility Location

Investment highlights

Trophy Location | Pittsburgh MSA | Over 40,000+ AADT

• Brand New Tractor Supply Company featuring the retailer’s latest prototype design, including an enhanced Garden Center, Feed Center, and expansive outdoor display area designed to serve both residential and agricultural customers.

• Long-Term 15-Year Corporate Guaranteed Lease providing secure cash flow with 5% rental increases every five years throughout the initial term and option periods, offering built-in income growth and inflation protection.

• Investment Grade Credit Tenant – Lease guaranteed by Tractor Supply Company (NASDAQ: TSCO), a BBB / Baa1 rated retailer operating more than 2,200 stores nationwide.

• Favorable NNN Lease Structure with limited landlord responsibilities, creating a passive, management-light investment opportunity.

• Strategically Positioned Within the Pittsburgh MSA, one of the Midwest’s most stable and diversified regional economies, benefiting from strong employment drivers, established residential communities, and continued commercial investment.

• Located Along a Major Retail Corridor with excellent visibility, accessibility, and traffic exposure exceeding 40,000 vehicles per day, providing strong customer access and market presence.

• Strong Demographic Fundamentals supported by stable population density, attractive household incomes, and sustained demand for home improvement, outdoor living, pet care, livestock, and agricultural products.

• Large Site Configuration allows Tractor Supply to fully implement its outdoor merchandising strategy, a key driver of customer engagement and store performance.

• Pittsburgh’s Diverse Economy is anchored by healthcare, higher education, technology, advanced manufacturing, financial services, and energy, providing a resilient employment base and long-term consumer demand.

• Benefiting from Ongoing Residential and Commercial Development throughout the trade area, supporting population stability and continued retail growth.

• Proximity to Established Residential Neighborhoods, Acreage Properties, and Recreational Areas creates a highly complementary customer base aligned with Tractor Supply’s core demographic profile.

• Trophy Single-Tenant Net Lease Asset offering investors the opportunity to acquire a newly constructed, corporate-guaranteed property in a major metropolitan market with strong long-term fundamentals.

• Located Within the Pittsburgh Metropolitan Area, a region recognized for its economic diversification, workforce quality, and continued investment across healthcare, technology, and advanced industries.

• Strong Long-Term Real Estate Fundamentals supported by strategic infrastructure investment, a mature transportation network, and a stable economic environment that continues to attract businesses and residents alike.

Listing Contacts

JS
CA 02074212
CrownPoint Partners
SB
FL BK3629909, CT REB.0794450
CrownPoint Partners
Listed by CrownPoint Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$321,000.00
$26,750.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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