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 +