1102 Perry Hwy - Freestanding FOR SALE


Pittsburgh, PA 15237
$1,262,000 USD
949-374-1163
1102 Perry Hwy, Pittsburgh, PA for Sale
$1,262,000 USD
Freestanding - FOR SALE
1/15
null | 9% Cap Rate

NEW


1102 Perry Hwy
Pittsburgh, PA 15237


HIGHLIGHTS

  • Cash Flowing Redevelopment Opportunity
  • Well-Located and Highly Visible Corner Parcel
  • Signalized Hard Corner With Strong Traffic Counts
  • Dense Pittsburgh Retail Trade Area
  • Established North Pittsburgh Corridor

OVERVIEW

AiCRE Partners, as exclusive investment sales advisor to Seller, is pleased to offer the opportunity to acquire the fee simple interest of Dark 7-Eleven in Pittsburgh, PA. This offering presents a dark 7-Eleven location with approximately 4.5 years remaining on the absolute NNN lease, with rent scheduled through August 31st, 2030. The remaining rent is corporately guaranteed by 7-Eleven, Inc—the world’s largest convenience retailer with over 88,000 locations and an investment grade credit rating (S&P: A). The property consists of a 1,908 SF freestanding convenience store situated on a 0.74-acre corner parcel positioned at the signalized intersection of U.S. Route 19 (Perry Highway) and Three Degree Road in the North Pittsburgh submarket. The site benefits from strong visibility and accessibility along Route 19, with combined traffic counts at the intersection exceeding approximately 25,000 vehicles per day at the surrounding intersection. The property is surrounded by established neighborhood retail and service-oriented businesses, including Dollar General, Rita’s, CITGO, Sheetz as well as nearby shopping centers such as Pines Plaza. With the tenant currently dark (store closed), the property presents investors and developers with a compelling redevelopment or repositioning opportunity at a highly visible signalized corner within a well-established retail corridor. The existing convenience store infrastructure, corner positioning, and strong surrounding traffic patterns create the potential for a variety of future uses including quick-service restaurant, drive-thru retail, medical retail, automotive services, or modern convenience retail concepts.

FOR SALE DETAILS

PRICE

$1,262,000 USD

PRICE/SF

$661 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

7-Eleven (Dark) | Cash Flowing Redevelopment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

Commercial

APN/PARCEL ID

0516-M-00291-0000-00

ASK ABOUT THIS PROPERTY

Miles ElamAiCRE PartnersMore Info
949-374-1163

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Miles ElamAiCRE PartnersMore Info
949-374-1163

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.