2 Heckel RdMcKees Rocks, PA 15136

For Sale
$3,900,000

McKees Rocks, PA: High-traffic 7-Eleven

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 2,135 square foot 7-Eleven convenience store situated on a 1.83-acre lot in McKees Rocks, Pennsylvania. The property boasts a highly desirable absolute NNN ground lease with zero landlord responsibilities, providing significant passive income. The lease, currently with 4.9 years remaining, includes a single 5-year renewal option and is corporately guaranteed by 7-Eleven. The store benefits from a prime location on Pine Hollow Road, experiencing high daily traffic volume (21,718 vehicles per day), and enjoys proximity to KenMawr Plaza, a substantial 152,000 square foot community center featuring numerous national and local tenants. Its convenient location near Fairhaven Park and Interstate 79 further enhances its appeal. The property has a strong operating history of 20 years and offers a compelling cap rate of 6.03% with a Net Operating Income (NOI) of $235,320. The asking price is $3,900,000, translating to $1,826.70 per square foot. This is a rare chance to acquire a stable, low-maintenance investment with a blue-chip tenant, located just six miles from downtown Pittsburgh. The lease commenced November 1, 2019, and expires October 31, 2029.

Highlights

  • Absolute NNN ground lease.
  • Zero landlord responsibilities.
  • Corporate guarantee from 7-Eleven.
  • 20-year operational history.
  • Investment-grade tenant (7-Eleven, S&P rating "A").
  • High-traffic location on Pine Hollow Rd (21,718 vehicles per day).

Property Details for 2 Heckel Rd

Property type
Other retail properties, Individual retail properties
Square Feet
2,135 SF
Lot Size (sq. ft)
79,715 SF

Location Insight

City
McKees Rocks
County
Allegheny
State
Pennsylvania
Latitude
40.4741957
Longitude
-80.0947477
2 Heckel Rd, McKees Rocks, Pennsylvania

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2 Heckel Rd
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