5317 William Flinn Hwy Gibsonia, PA 15044
- Retail properties
- 5,000 SF
- 0.93 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5317 William Flinn Hwy
- Year built
- 2023
- Lot size
- 0.93 lot acres
- Property size
- 5,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 5,000 square foot storefront in Gibsonia, Pennsylvania, currently operating as a Verizon Wireless regional headquarters. The property boasts a new, 10.1-year net lease (NN) with a prominent franchisee tenant, Verizon Wireless, commencing June 1, 2023, and expiring June 29, 2033. This leaves a substantial 8.6 years remaining on the lease term. The asking price is $3,586,000, representing a compelling $717.20 per square foot and a 6.30% cap rate based on a Net Operating Income (NOI) of $225,915. The property, built in 2023, sits on a 0.927-acre lot and enjoys 100% occupancy. The lease includes attractive 10% rent increases every five years, and two five-year renewal options. This strategically located property benefits from high visibility and accessibility along William Flinn Highway (33,000 cars daily), less than a mile from I-76. The surrounding area boasts a dense trade area within the Pittsburgh MSA, with over 68,000 residents within a five-mile radius and average household incomes exceeding $142,000. Nearby national retailers include Walmart, Kohl's, Dollar Tree, and McDonald's. This is a rare opportunity to acquire a high-performing, net-leased property anchored by a creditworthy tenant in a thriving market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gibsonia
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.947
- Latitude
- 40.6159
