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28868974
28868971

2301 Sheffield Rd, Aliquippa, PA 15001 For Sale

GU
PA RB068270
SVN | Three Rivers Commercial Advisors
JC
PA RM424399
SVN | Three Rivers Commercial Advisors
Listed by SVN | Three Rivers Commercial Advisors
$600,000
1427 days on market
Updated 36 days ago

2301 Sheffield Road

Details
APN 08-046-0100.001
Property Type Retail
Sub Type Convenience Store
Square Footage 7,000
Cap Rate 10%
NOI $60,000
Occupancy 100%
Tenancy Single
Brand/Tenant Aliquippa Tobacco & Vape
Lease Type NNN
Lease Term 6
Lease Expiration 12/31/2028
Remaining Term 3
Lease Options 2 x 5 Years Options
Year Built 1958
Acreage 0.400
Parking Spaces 32 spaces
Parking per 1,000 SqFt 4.57
Lease Commencement 09/30/2023
Ground Lease No

Retail | 10.00% CAP | 7,000 SqFt

Marketing description

Price Reduced! SVN | Three Rivers Commercial Advisors is pleased to present for sale a passive investment opportunty located at 2301 Sheffield Road. The property is 100% occupied with jut over 3 year remaining on the term from a multiple location vape shop business owner. All expenses are reimbursed creating a fantatic pasive income investmetn opportunty with stable income. The building is approximately 7,000 SF just off Brodhead Road along Aliquippa’s primary commercial corridor. Current annual income is $60,000.


Aliquippa

Aliquippa is a city in Beaver County and is approx. 22 miles northeast of Downtown Pittsburgh. Aliquippa emerged at about 1750 as an Indian village on the back channel of an Ohio River island and is best known as the location of a productive steel mill that the Jones and Laughlin Steel Company constructed along the Ohio River beginning in 1905. After the fall of the steel industry, Aliquippa has been on the rise with multiple transportation improvements nearby, including; the Pittsburgh International Airport, 1-376, State Route 60, a main railroad line that continues to service Aliquippa along the Ohio River, and the Ohio River itself continues to have heavy barge traffic from Pittsburgh to New Orleans and shipping overseas.


Beaver county

Beaver County is located in southwest Pennsylvania northwest of the city of Pittsburgh. The County is bordered on the west by the States of Ohio and the panhandle of West Virginia; the south by Washington County, the east by Allegheny and Butler counties; and the north by Lawrence County. The predominate feature of the County is the Ohio River which enters from the southeast and flows to the center of the county before turning southwest and exiting the state to form the boundary between Ohio and West Virginia. The remainder of the County is characterized by gently rolling foothills and valleys of the Appalachian Mountain Range. Beaver County is comprised of 2 incorporated, third class cities (Aliquippa and Beaver Falls), and 52 boroughs and townships.

Investment highlights

  • Single Tenant Retail Invetment Opportunity
  • 7,000 SF Standalone Building
  • 32 on-site parking spaces
  • Approx. 3 years remaining on term
  • NOI = $60k / 10 CAP Investment Opportunity

Listing Contacts

GU
PA RB068270
SVN | Three Rivers Commercial Advisors
JC
PA RM424399
SVN | Three Rivers Commercial Advisors
Listed by SVN | Three Rivers Commercial Advisors

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$60,000.00
$5,000.00/mo

Valuation Metrics

0
DSCR
10%
Cap Rate
10%
ROI

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Additional Information

Name
Grant Underwood
License
RB068270
Brokerage
THREE RIVERS COMMERCIAL ADVISORS LLC
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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