Giant Eagle & GetGo at The Waterfront

420 East Waterfront Drive, Homestead, PA

Market Price

Price

77,849 sqft

Building Size

9.13 acres

Lot Area

Overview
Building Size
77,849 sqft
Lot Area
9.13 acres
Year Built
1999
Parking Spots
585
Lease Expire Year
05/31/2029
Description

Mid-America Real Estate Corporation, in cooperation with Benjamin J. Wineman and ECHO Retail (both licensed Pennsylvania real estate brokers), has been retained on behalf of the owner to sell the 100% fee simple interest the Giant Eagle and GetGo in Homestead, Pennsylvania. Giant Eagle and GetGo are operating on an absolute NNN lease with almost 10 years of base term, and no landlord maintenance responsibilities, making it a truly passive investment.

The offering represents a rare occasion to purchase a collection of highly coveted, seldom available market-leading Giant Eagle grocery stores operating on long-term net leases. In addition to Homestead, there are three other Giant Eagle and GetGo assets available as a part of the portfolio opportunity. Further information on the other properties can be found in their individual Offering Memorandums.

Highlights
  • IRREPLACEABLE RETAIL LOCATION
  • TRULY PASSIVE INVESTMENT WIH LONG-TERM STABILITY
  • ACCRETIVE CASH FLOW
  • DENSE INFILL DEMOGRAPHICS
  • LEVERAGED RETURNS
  • OPTION TO PURCHASE AS GROCERY PORTFOLIO
Documents
Title
Offering Memorandum
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Location
Gallery