Goodwill | Pittsburgh, PA
Recent Lease Extension | Long Term Occupancy | Scheduled Increases
Marketing description
CBRE is pleased to exclusively present for sale this 9,000 square foot Goodwill of Southwestern Pennsylvania located on approximately 0.55 acres in Pittsburgh, Pennsylvania. Goodwill of Southwestern Pennsylvania operates more than 30 locations across Pennsylvania and West Virginia and generated over $82 million in revenue in 2023, demonstrating a strong and scalable operating platform. The tenant has been at this location since at least 2007 and most recently extended its lease in 2025, further reinforcing long-term commitment to the site.
The lease features structured rent growth, including a 3.17% increase in 2027 followed by annual increases of at least 2% throughout the remainder of the term, providing durable income growth and an embedded hedge against inflation. The lease also includes one 3-year renewal option. There are limited landlord responsibilities under a NN+ lease structure, as well as a renovated interior completed in 2016 and landlord-owned roof and structure, supporting long-term operational stability.
Strategically positioned along Banksville Road (Route 19), the property offers exceptional visibility and exposure to more than 26,000 vehicles per day. The site is also located less than four miles from Downtown Pittsburgh, providing direct access to one of the region's largest employment and economic centers. Additionally, the property benefits from proximity to I-376 (70,000 VPD), offering regional connectivity throughout the Pittsburgh MSA and convenient access to Pittsburgh International Airport.
The property is located within a dense and established infill trade area, supported by more than 20,000 residents within 1 mile, 140,000 residents within 3 miles, and over 316,000 residents within 5 miles. The surrounding area is characterized by strong retail synergy and continued investment, including a newly developed ALDI nearby and a proposed Sheetz redevelopment of the former Rite Aid site.
Investment highlights
LONG-TERM OCCUPANCY WITH RECENT LEASE EXTENSION Goodwill has been located at this site since at least 2007 and most recently extended its lease in 2025, demonstrating long-term commitment to the location and continued performance within this established retail corridor.
ESTABLISHED GOODWILL OF SOUTHWESTERN PENNSYLVANIA TENANCY The property is occupied by Goodwill of Southwestern Pennsylvania, a well-established regional nonprofit with more than 35 locations across Pennsylvania and West Virginia and over $77 million in annual revenue. Goodwill SWPA is one of the largest Goodwill organizations in the U.S.
STABLE INCOME PROFILE WITH CONTRACTUAL RENT GROWTH The lease provides built-in rent escalations, including a 3.17% increase in 2027 followed by annual increases of at least 2% for the remainder of the term, offering predictable income growth and an embedded hedge against inflation.
EXCEPTIONAL VISIBILITY WITH CLOSE PROXIMITY TO DOWNTOWN PITTSBURGH The property enjoys outstanding visibility along Banksville Road, which carries more than 26,000 vehicles per day, and is located less than four miles from Downtown Pittsburgh, providing convenient access to one of the region's largest employment and commercial centers.
STRONG RETAIL CORRIDOR WITH CONTINUED INVESTMENT The surrounding retail corridor continues to attract investment, highlighted by a new ALDI nearby and a proposed Sheetz redevelopment of the former Rite Aid site. The area is also home to numerous national retailers including Starbucks, PNC Bank, Firestone Complete Auto Care, Wingstop, Fresenius Medical Care, Jiffy Lube, and other established daily-needs retailers.
AFFLUENT DEMOGRAPHICS Average household incomes exceed $102,000 within the 1-mile, 3-mile, and 5-mile trade areas, providing strong demographic support for long-term retail demand.
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