Building Details

Year Renovated 2008

Tenancy Multi

Listing Agency: NAI Burns Scalo

Listed By: Andreas Kamouyerou · License #PA RS340004 Show Phone

Source: Crexi

Added: Jul 29 Changed: Oct 26 Last Checked: Nov 4 at 12:03PM

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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 NAI Burns Scalo

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Investment Insights

Based on property information with market context.

Champion Plaza is a 15,018 SF neighborhood retail center with eight retail suites and a diverse tenant mix. The property was redeveloped in 2008, providing a modernized basis for its current retail configuration.

The center occupies the corner of Brownsville Road and is adjacent to the South Hills light rail trolley terminal. Its South Park Township location places the property within the South Hills market, with direct proximity to rail service and Brownsville Road access.

Key Highlights

• 15,018 SF neighborhood retail center
• Eight retail suites with a diverse tenant mix
• Redeveloped in 2008

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$175,035

Cap Rate

5.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,500,700 $3.5M

Cap Rate 7%

$2,500,500 $2.5M

Cap Rate 9%

$1,944,833 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,018 SF

Gross rent

$270.3K $18.00/SF

− Vacancy

−$20.3K −$1.35/SF

EGI

$250.0K $16.65/SF

− OpEx

−$75.0K −$5.00/SF

NOI

$175.0K $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%

$3,500,700

Cap Rate 7%

$2,500,500

Cap Rate 9%

$1,944,833

Alternative Uses

Best Use

Retail

$2.50M

$2.19M – $2.92M (±1% cap)

NOI $175,035 @ 7.0% cap · market cap 5.83%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.83M

$3.35M – $4.46M (±1% cap)

NOI $267,772 @ 7.0% cap · market cap 8.93%

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

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Parking Lot & Garage Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

212

Businesses Nearby

344

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Hot Shotz Dining

344 visits/mo 0.1 miles

Demographics for 15129, PA

10,901

Population

4,759

Households

2.3

Avg Household Size

43

Median Age

42%

College-Educated

97%

High-School Grad

7.7 sq mi

ZIP Area

1,416

Density / Sq Mi

$90,833

Median Household Income

$53,465

Median Earnings

$1,341

Median Rent

$236,900

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Eight-suite retail property at a hard corner next to a light rail trolley terminal.

Where is this shopping center located?

The property is located at 4120 Brownsville Rd South Park, PA.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: 15,018 SF neighborhood retail center; Eight retail suites with a diverse tenant mix; Redeveloped in 2008