11690 Frankstown Rd Pittsburgh, PA 15235-3319
- Auto shops
- 0.45 lot acres
Jul 01, 2024
Current Use by Public Records
- Valvoline Instant Oil Change / Car Repair And Maintenance Service / Oil Change Service
Property Details for 11690 Frankstown Rd
- Lot size
- 0.45 lot acres
- Property type
- Auto shops
- APN
- 449-K-16
- APU
- 449K16
Description
This exceptional investment opportunity presents a 1,458 square foot Valvoline Instant Oil Change facility located within the Penn Hills Shopping Center in Pittsburgh, Pennsylvania. The property boasts a strong 6.02% cap rate, generating a net operating income (NOI) of $42,108 annually. The asking price is $700,000, translating to $480.11 per square foot and $700,000 per unit. This single-tenant property benefits from a corporate guarantee, ensuring consistent income. The 0.45-acre lot is situated in a high-traffic area, experiencing over 17,000 cars daily. The tenant, Valvoline, has enjoyed long-term occupancy since 1995, demonstrating the location's enduring appeal. The property is currently operating at 100% occupancy under a NNN lease structure. Furthermore, the surrounding area boasts an average household income of $91,236 within a 3-mile radius, indicating a strong consumer base. This turnkey investment offers a secure and profitable opportunity for discerning investors seeking a stable, high-performing asset. The property address is 11690 Frankstown Rd, Pittsburgh, PA 15235.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.8261
- Latitude
- 40.4659
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
