DaVita-Anchored Strip
5888 Steubenville Pike, McKees Rocks, PA 15136
For Sale
New
$1,764,000
DaVita serves as an anchor tenant at this retail property.
Property Size7,637 SF
Price / SF$230.98
Days on Market2
Property Features for 5888 Steubenville Pike
General Information
Standard status
Size
Property subtype
Additional Details
Anchor Co-Tenants
Amenities
100% Occupied 7,637 SF Service/Necessity-Based Strip Center | Pittsburgh MSA (Over 2.42m People)
Major Tenants: DaVita Dialysis, Bruster's Real Ice Cream, and Burgh's Bagels
Anchored by DaVita Dialysis | One of Largest Providers with Over 3,242 Locations | Publicly Traded (NYSE: DVA) | Market CAP Over $12.37b | Only Location within 12-Minut Drive | 2.5% Annual Increases
Exceptional Tenant Commitment/Stability & Historical Occupancy | 80% of GLA has Operated at Site For Over 10-Years Including Exercised Extensions | WALT Over 3.5 Years
Landlord Favorable NNN Lease Structures | Full Reimbursement for Tax, CAM, Insurance + Majority of 3rd Party MGMT Fees | Minimizes Potential Slippage | Ease of Management with Only 3 Tenants
Modest Rent Levels Averaging Only $18.68/SF | Path to Meaningful Rental Growth | Substantial Hedge Against Relocation Risk
True Irreplaceable Real Estate Along One of Regions Busiest Route Seeing Over 22,369 VPD
Meticulous & Strategic Development Linking Established Robinson Retail Corridor with Over 5m SF + Regions Dense Residential Region + Major Immediate Daytime Workforce with Over 15.6m SF of Office, Industrial and Medical Uses
Building Details
Building Size
Year Built
Listing Agency:
Marcus & Millichap - Philadelphia
Listed By:
Timothy B. Stephenson Jr · License #License(s) PA: RMR006104
(215) 531-7000
Source:
Marcusmillichap
Added: Nov 8
Last Checked: Sep 30 at 8:34AM
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 - Philadelphia
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This strip mall in McKees Rocks, Pennsylvania, has DaVita as an anchor tenant. The property is located at 5888 Steubenville Pike, McKees Rocks, PA 15136.
Key Highlights
- DaVita is an anchor tenant
- Located at 5888 Steubenville Pike, McKees Rocks, PA 15136
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,009
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,780,180
$1.8M
Cap Rate 7%
$1,271,557
$1.3M
Cap Rate 9%
$988,989
$989.0K
Market Conditions
NOI Build-Up for 7,637 SF
Gross rent
$137.5K $18.00/SF
− Vacancy
−$10.3K −$1.35/SF
EGI
$127.2K $16.65/SF
− OpEx
−$38.1K −$5.00/SF
NOI
$89.0K $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%
$1,780,180
Cap Rate 7%
$1,271,557
Cap Rate 9%
$988,989
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $89,009 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,168 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 15136, PA
23,663
Population
11,551
Households
2
Avg Household Size
40
Median Age
31%
College-Educated
94%
High-School Grad
10.7 sq mi
ZIP Area
2,211
Density / Sq Mi
$62,552
Median Household Income
$45,313
Median Earnings
$1,077
Median Rent
$190,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - DaVita serves as an anchor tenant at this retail property.
Where is this strip mall located?
The property is located at 5888 Steubenville Pike McKees Rocks, PA.
What is the asking price?
The asking price for this property is $1,764,000.
What are key features of this property?
This property features: DaVita is an anchor tenant; Located at 5888 Steubenville Pike, McKees Rocks, PA 15136
