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This exceptional investment opportunity presents a 45,000-square-foot retail storefront in Pittsburgh, Pennsylvania, currently 100% occupied by a credit-rated tenant under a net lease. The property, located at 5555 Mountain View Drive, boasts a strong 7.5% cap rate and a substantial net operating income (NOI) of $350,323. Situated on a 4.04-acre lot with 169 parking spaces, the building benefits from high visibility and accessibility within the bustling West Mifflin retail corridor. The location enjoys significant daily traffic counts on nearby Lebanon Church Road (33,400+) and Clairton Road (14,300+), serving a dense residential population exceeding 183,000 within a five-mile radius. The property is strategically positioned near major retailers including Walmart, Sam's Club, Burlington, and more, further enhanced by its proximity to established shopping centers like Century Square and Southland Shopping Center. The lease commenced March 1, 2022, and expires December 31, 2027, offering a remaining term of approximately 3.1 years. The property is zoned for industrial use with retail permitted, offering flexibility for future development. The asking price is $4,671,000, translating to $103 per square foot. This fee-simple sale presents a rare opportunity in an area known for ground leases, offering a passive investment with minimal landlord responsibilities and high barriers to entry due to limited developable land. The tenant, Pool City, was acquired by Leslie's Poolmart (NASDAQ: LESL) in 2018.
Highlights
45,000 SF single-tenant net lease; credit-rated tenant.
Passive investment with minimal landlord responsibilities.
High barriers to entry due to limited developable land.
Tenant, Pool City, acquired by Leslie's Poolmart (NASDAQ: LESL) in 2018.
Flexible I-1 zoning; retail use permitted.
Excellent location near major retailers including Walmart, Sam's Club, and Burlington.
Property Details
for 5555 Mountain View Dr
Property type
Other retail properties, Individual retail properties
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