11060 Perry Hwy - Bank FOR SALE


Wexford, PA 15090
$2,400,000 USD
412-337-4764
11060 Perry Hwy, Wexford, PA for Sale
$2,400,000 USD
Bank - FOR SALE
1/5
null | 5.77% Cap Rate

11060 Perry Hwy
Wexford, PA 15090


HIGHLIGHTS

  • True passive income with no landlord responsibilities.

OVERVIEW

Tenant has occupied this location since 2007 and is operating under a 7-year absolute NNN lease, leaving no responsibilities to the Landlord. Citizens Bank just renewed for 7 years and has two, five-year options that extend into 2042. The lease provides the Landlord 2.5% annual rent increases, creating passive income with a built-in hedge against inflation for the Landlord.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$815 USD /SF

CAP RATE

5.77%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citizens Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,213 SF

ZONING

C-1 (Community Service C

APN/PARCEL ID

1499-R-00015-0000-00,1499-R-00016-0000-00

ASK ABOUT THIS PROPERTY

Sam CooperSCEF Real Estate Ventures LLCMore Info
412-337-4764

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Sam CooperSCEF Real Estate Ventures LLCMore Info
412-337-4764

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