2858 Banksville Rd - Storefront FOR SALE


Pittsburgh, PA 15216- Banksville
$1,520,174 USD
215-603-6914
2858 Banksville Rd, Pittsburgh, PA for Sale
$1,520,174 USD
Storefront - FOR SALE
1/7
null | 7.65% Cap Rate

2858 Banksville Rd
Pittsburgh, PA 15216
Banksville


HIGHLIGHTS

  • Investment-grade Dollar Tree, Inc. (S&P BBB rated) guarantees the lease, providing strong corporate credit support.
  • Approximately 5 years remaining on the current term, with two 5-year renewal options and ~4% rent increases in option periods.
  • Recently renovated asset (2021), including interior and electrical systems, reducing near-term capital expenditure needs.
  • Dense infill Pittsburgh location with strong population base: 20,000+ (1 mile), 140,000+ (3 miles), and 316,000+ (5 miles).
  • High-visibility corridor on Banksville Road (26,000+ VPD), less than 4 miles from Downtown Pittsburgh.
  • Strong retail corridor with national tenants including ALDI, Starbucks, PNC Bank, Wingstop, and Sheetz redevelopment activity nearby.

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 10,132 square foot Dollar Tree located on approximately 0.48 acres in Pittsburgh, Pennsylvania. The property is subject to a NN+ lease with Dollar Tree Stores, Inc., an investment grade tenant rated BBB by Standard & Poor’s. The lease includes more than five years remaining on the current term, with two five-year renewal options and approximately 4% rental increases in each option period, offering embedded long-term income growth. The subject property also benefits from a recently renovated interior and electrical system completed in 2021, helping minimize near-term capital expenditure requirements and reducing deferred maintenance risk.

FOR SALE DETAILS

PRICE

$1,520,174 USD

PRICE/SF

$150 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree | Pittsburgh, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

-

APN/PARCEL ID

0036-R-00085-0000-00

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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

Matthew GormanCBRE, Inc.More Info
215-603-6914

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