Dollar General Net-Leased Retail
1200 PITTSBURGH ST, Cheswick, PA 15024
For Sale
Contact for pricing
The corporate-backed lease extends through May 2036 and includes three five-year renewal options.
Property Size11,541 SF
Price / SF$134.30
Days on Market56
Property Features for 1200 PITTSBURGH ST
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Traffic Count
Highway Access
Building Details
Buildings
Tenancy
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License PA #471020548
(859) 581-1113
Source:
Crexi
Added: Sep 17
Changed: Nov 10
Last Checked: Nov 10 at 5:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
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Investment Insights
Based on property information with market context.
This 11,541-square-foot retail building in Cheswick is leased to Dollar General under a 10-year agreement running through May 2036. The lease includes three five-year renewal options, each with 10% rent escalations, and a guaranty from Dollar General Corporation, rated BBB by S&P.
The property is at 1200 Pittsburgh St within Cheswick Shopping Center. Pittsburgh Street carries 17,000 vehicles per day, with access to Interstate 76, reporting 40,000 vehicles per day, and the Allegheny Valley Expressway, reporting 53,000. Downtown Pittsburgh is approximately 17 miles away. Nearby national retailers include Target, Giant Eagle, Goodwill, Valvoline, Sheetz, and Ford.
The property is at 1200 Pittsburgh St within Cheswick Shopping Center. Pittsburgh Street carries 17,000 vehicles per day, with access to Interstate 76, reporting 40,000 vehicles per day, and the Allegheny Valley Expressway, reporting 53,000. Downtown Pittsburgh is approximately 17 miles away. Nearby national retailers include Target, Giant Eagle, Goodwill, Valvoline, Sheetz, and Ford.
Key Highlights
- 11,541‑square‑foot retail building leased to Dollar General
- 10‑year lease runs through May 2036
- Three 5‑year renewal options, each with 10% rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,510
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,690,200
$2.7M
Cap Rate 7%
$1,921,571
$1.9M
Cap Rate 9%
$1,494,556
$1.5M
Market Conditions
NOI Build-Up for 11,541 SF
Gross rent
$207.7K $18.00/SF
− Vacancy
−$15.6K −$1.35/SF
EGI
$192.2K $16.65/SF
− OpEx
−$57.6K −$5.00/SF
NOI
$134.5K $11.66/SF
Area
Allegheny County, PA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,690,200
Cap Rate 7%
$1,921,571
Cap Rate 9%
$1,494,556
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,510 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,777 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
17,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Apparel 16%
Dining 10%
Sheetz
Shops & Services
20,711 visits/mo
0.3 miles
Goodwill
Apparel
4,956 visits/mo
0.1 miles
Sunoco
Shops & Services
2,267 visits/mo
0.2 miles
SUBWAY
Dining
2,212 visits/mo
0.1 miles
Domino's Pizza
Dining
794 visits/mo
0.1 miles
Demographics for 15024, PA
8,943
Population
3,975
Households
2.2
Avg Household Size
49
Median Age
44%
College-Educated
98%
High-School Grad
17.5 sq mi
ZIP Area
511
Density / Sq Mi
$85,625
Median Household Income
$55,786
Median Earnings
$1,078
Median Rent
$217,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for NNN properties in Allegheny County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
NNN property - The corporate-backed lease extends through May 2036 and includes three five-year renewal options.
Where is this nnn property located?
The property is located at 1200 PITTSBURGH ST Cheswick, PA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 11,541‑square‑foot retail building leased to Dollar General; 10‑year lease runs through May 2036; Three 5‑year renewal options, each with 10% rent escalations
