Firestone Pittsburgh, PA

2950 Banksville Rd
Pittsburgh, PA

Price: $1,400,000
Cap Rate: 7.29%
NOI: $102,000
Building Size: Approx. 11,798 Sq. Ft.
Lot Size: Approx. 0.597 Acres
Type: Single-Tenant / Retail
Sub Category: Automotive Service
Year Built: 1951

Investment Overview

  • 11,798+/- SF Building on 0.597 +/- Acre Site
  • Early Lease Renewal | 10-year Corporate Net Lease w/ 10% rent increases every 5 years, continuing through 2 five year option periods
  • Strategically located in highly trafficked (30,000 VPD) Highway 19 Banksville Rd. and close proximity to downtown Pittsburgh
  • 3-miles away is Heinz Filed (68,400 seats) and PNC Park (39,368 seats)
  • Pittsburgh economy remains booming | Average income per capita has grown nearly 25% since 2000
  • Located less than 20 miles away from Firestone is the Pittsburgh International Airport, which serves over 9 million passengers annually on 17 carriers
  • Great Pittsburgh (MSA) | Population 2.4M +