4768 William Flinn Hwy Allison Park, PA 15101
- Retail properties
- 1,770 SF
- 0.50 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Costume Store / Party Store
- Skunk Funk / Clothing Store / Corporate Campus
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 4768 William Flinn Hwy
- Year built
- 2023
- Lot size
- 0.50 lot acres
- Property size
- 1,770 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 1,770 square foot auto shop located at 4768 William Flinn Hwy, Hampton Township, PA 15101, within the Pittsburgh MSA. Built in 2023 on a 0.5-acre lot, the property boasts a 100% occupancy rate with a single tenant under a 15-year absolute NNN lease commencing October 1, 2023, and expiring September 30, 2038. The lease includes 10% rent increases every five years, ensuring consistent income growth. The current Net Operating Income (NOI) stands at $183,173, yielding a 6.75% cap rate. The tenant, a corporate entity (Strickland Brothers, operating as Jiffy Lube or Take 5 Oil Change), provides a strong corporate guaranty. The lease offers three and five-year renewal options, further securing long-term returns. This property is ideally suited for a 1031 exchange and represents a compelling investment in a recession-resistant industry, given the auto lube industry's consistent growth. The property benefits from a dense and growing demographic area, with over 80,000 people within a 5-mile radius and an average household income exceeding $150,000. The asking price is $2,714,000.
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
- Allison Park
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.9474
- Latitude
- 40.5959
