Giant Eagle-Anchored Shopping
For Sale
Contact for pricing
Pending
16 Federal Dr, Pittsburgh, PA 15235
Street-front retail center anchored by Giant Eagle, with Planet Fitness, Goodwill, and an office furniture showroom tenant.
Property SizeContact for details
Days on Market146
Property Features for 16 Federal Dr
General Information
Standard status
Pending
Property subtype
Retail
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Columbus
Listed By:
John Reehil · License #OH SAL.2005007737
Source:
Crexi
Added: Apr 13
Changed: Aug 21
Last Checked: Sep 5 at 12:18AM
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 Marcus & Millichap - Columbus
Investment Insights
Based on property information with market context.
The Giant Eagle Center is a retail shopping center anchored by Giant Eagle, which has operated at the property since 1977. The center is also home to a newly opened Goodwill Center, a Planet Fitness franchise, and The Office Furniture Warehouse. Of the center’s tenants, three are encumbered by NNN leases. Goodwill is on a gross lease for its first five years, transitioning to a net lease for the next five years, along with options. Giant Eagle is described as having consistently generated sales in excess of $575 per square foot and includes typical percentage rent payments to the landlord of over $103,000 annually, with its fifth option period running through February of 2023. Planet Fitness has been in place since 2014, with rent increases in November 2020 to $176,000 per year.
The Office Furniture Warehouse occupies a unique space designed to accommodate furniture showrooms, office suites, and storage for furniture that will be assembled. The center is adjacent to the Penn Hills Center, which is described as including more than 277,000 square feet of retail, restaurant, and service tenants, including Aldi, Big Lots, Dollar Tree, and USPS.
The Office Furniture Warehouse occupies a unique space designed to accommodate furniture showrooms, office suites, and storage for furniture that will be assembled. The center is adjacent to the Penn Hills Center, which is described as including more than 277,000 square feet of retail, restaurant, and service tenants, including Aldi, Big Lots, Dollar Tree, and USPS.
Key Highlights
- Street‑front retail center anchored by Giant Eagle, located at 16 Federal Drive in Penn Hills, PA (about 10 miles east of downtown Pittsburgh)
- Tenant lineup includes Planet Fitness and a brand‑new Goodwill Center, plus The Office Furniture Warehouse
- Three tenants are on NNN leases; Goodwill is gross for its first 5 years, then net for the next 5 years with options
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,630
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15235, PA
34,610
Population
16,942
Households
2
Avg Household Size
46
Median Age
36%
College-Educated
95%
High-School Grad
14.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$62,292
Median Household Income
$40,511
Median Earnings
$1,048
Median Rent
$132,800
Median Home Value
Market
Vacancy Rate% for Retail in Pittsburgh, PA
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Frequently Asked Questions
What type of property is this?
Shopping center - Street-front retail center anchored by Giant Eagle, with Planet Fitness, Goodwill, and an office furniture showroom tenant.
Where is this shopping center located?
The property is located at 16 Federal Dr Pittsburgh, PA.
What are key features of this property?
This property features: Street‑front retail center anchored by Giant Eagle, located at 16 Federal Drive in Penn Hills, PA (about 10 miles east of downtown Pittsburgh); Tenant lineup includes Planet Fitness and a brand‑new Goodwill Center, plus The Office Furniture Warehouse; Three tenants are on NNN leases; Goodwill is gross for its first 5 years, then net for the next 5 years with options
