331 Cochran Rd - Freestanding FOR SALE
Mt Lebanon, PA 15228 |
$587,000 USD
404-504-0023
331 Cochran Rd
Mt Lebanon, PA 15228
HIGHLIGHTS
- Monro, Inc. (NASDAQ: MNRO) is a leading U.S. provider of automotive undercar repair, tire services, and routine vehicle maintenance.
- Ground Lease with Renewal Options | ±3.1 years of term remaining with 10% rent increases in each of the two, 5-year renewal options
- Below Market Rent in a Strong Submarket | Landlord receives annually $8.45 PSF in NOI
- Long-Term Operating History | Opened in 2006
- Access & visibility along Cochran Road (10,003 VPD), less than a mile from its signalized intersection with Washington Road (22,965 VPD).
- 6 Miles from Downtown Pittsburgh (MSA Population: 2.45M+)
OVERVIEW
CBRE is pleased to offer for sale the 3,048-square-foot Monro Auto Service & Tire Center situated on 0.51 acres in Mt. Lebanon, Pennsylvania—part of the Pittsburgh, PA MSA (MSA Population: 2.45M+). Monro’s ground lease features ±3.1 years of term remaining with 10% rent increases in each of the two, 5-year renewal options.
FOR SALE DETAILS
PRICE
$587,000 USD
PRICE/SF
$193 USD /SF
CAP RATE
4.39%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Monro Auto Service & Tire Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1964
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.51 AC
LAND SF
22,216 SF
ZONING
-
APN/PARCEL ID
0142-D-00214-0000-00
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404-504-0023
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404-504-0023
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