821 Chartiers Ave - Freestanding FOR SALE


McKees Rocks, PA 15136
$1,200,000 USD
312-548-6822
821 Chartiers Ave, McKees Rocks, PA for Sale
$1,200,000 USD
Freestanding - FOR SALE
1/6
null | 7.36% Cap Rate

821 Chartiers Ave
McKees Rocks, PA 15136


HIGHLIGHTS

  • Newer Construction and Superior Pharmacy Conversion
  • Passive NN+ Lease Structure
  • Recent Long Term Extension
  • Scheduled Rent Increases
  • Corporate Lease
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Family Dollar investment property located at 821 Chartiers Avenue in McKees Rocks, Pennsylvania (the “Property”). Family Dollar has been at this location since 2010 and has preemptively extended their lease for 10 years (4-years early) demonstrating their commitment to the site and the market. Family Dollar has 8+ years remaining on their lease with two (2), 5-year renewal options. The lease features attractive an attractive rent increase in 2030 and at the start of each renewal option. 821 Chartiers Avenue is strategically positioned along Chartiers Avenue, a prominent commercial corridor serving McKees Rocks and the surrounding residential communities. The Property offers convenient access to Interstate 79, Interstate 376 (Parkway West), Pennsylvania Route 51, Route 65, and the McKees Rocks Bridge, providing connectivity throughout the western Pittsburgh metropolitan area. Family Dollar is also approximately five miles from Downtown Pittsburgh and approximately 15 minutes from Pittsburgh International Airport. Supported by established residential neighborhoods, nearby schools and employers, and the diverse economic base of the Pittsburgh region, the location provides an attractive setting for a value-oriented retailer. The essential nature of Family Dollar's merchandise, combined with the store's convenient neighborhood location and accessibility to a broad consumer base, supports the Property's appeal as a necessity-based retail investment.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

7.36%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

C

APN/PARCEL ID

0043-J-00334-0000-00

ASK ABOUT THIS PROPERTY

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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