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Shannon Square Strip Center And Shannon Automotive Centers

$4,700,000

3603-3695 Library Road, Castle Shannon, PA 15234

Active
Last Updated: 11/03/2022

6.34

Cap Rate

300,483

NOI

Details:
Cap Rate:    6.34%
NOI:    $300,483
Building Size:    31,040 sqft
Lot Area:    4.8 acres
Occupancy:    81%
Units:    11
Zoning:    Commercial
Floors:    1
Roof:    Flat Rubber
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

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Today's Available Mortgage Rates

3603-3695 Library Road, Castle Shannon, Pennsylvania 15234

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/27/2025
BankLender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$19,910 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 66% LTV $0 Lender fees
Loan Amount $3,102,000 Loan Amount
BankLender #1068
7 Year Fixed
25 Year Amortization
Interest rate 6.06% 7 Year Fixed
Mo. Payment$20,709 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 68% LTV $0 Lender fees
Loan Amount $3,196,000 Loan Amount
BankLender #1068
10 Year Fixed
25 Year Amortization
Interest rate 6.06% 10 Year Fixed
Mo. Payment$20,709 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 68% LTV $0 Lender fees
Loan Amount $3,196,000 Loan Amount
Largest Commercial Real Estate Lending
Location