Shannon Square Strip Center And Shannon Automotive Centers
$4,700,000
3603-3695 Library Road, Castle Shannon, PA 15234
6.34
Cap Rate
300,483
NOI
Details:
Description:
-Recession Resistant and Internet Resistant Retail Investment Opportunity. - 31,040 SF over 4 separate buildings on 2 parcels. - Traditional neighborhood retail center and automotive related properties. - 11 total tenants, most tenants are long term national or regional centers with NNN leases and option terms remaining. - Located 7 minutes south of Pittsburgh, Pennsylvania. - Tremendous visibility and traffic counts along PA State Route 88 (Library Road) - Additional Upside by leasing vacant 6,200 SF Building or subdividing into small shop space and converting non NNN tenants to full reimbursable lease structures. -Avg. Rents of $13.40 PSF NATIONAL TENANTS INCLUDED: -Sherwin Williams -Meineke -Avis/Budget Car Rental -Pennzoil Oil Change
-Over $ 150,000 in capital improvements in the last 2 years. -Conveniently located on heavily traveled Library Road (Route 88). -Gateway to Pittsburgh's southern communities of Mt. Lebanon, Bethel Park and Peters Township. -20,000+ cars per day travel past the property. -Located 10 miles Southeast of Downtown Pittsburgh -Demographics include 131,105 population with 3 miles and median household income of $ 52,409
1. 3603-3613 Library Road-Shannon Square Shopping Center 9,940 SF 2. 3625 Library Road-Shannon Automotive Center 6,200 SF 3. 3627-3675 Library Road- 14,900 SF-Shannon Automotive Center 4. 3695 Library Road- 3,500 SF Pennzoil Oil Change
Location
