9595 Us-30 Irwin, PA 15642

Property Details for 9595 Us-30

Lot size

1.03 lot acres

Property size

7,225 SF

Property type

Retail properties

Property subtype

Auto shops

Description

This exceptional investment opportunity presents a 7,225-square-foot O'Reilly Auto Parts store in Irwin, Pennsylvania. The property boasts a 15-year net lease (NN) with O'Reilly Auto Parts, an investment-grade tenant rated BBB by Standard & Poor's, commencing January 2, 2019, and expiring January 1, 2034. With approximately 9.1 years remaining on the primary lease term and four renewal options, this offering provides significant long-term stability. The lease includes contractual rent increases every five years, ensuring consistent yield growth. Built in 2018, this newer construction minimizes deferred maintenance concerns for the new owner, further enhanced by a long-term transferable manufacturer's roof warranty. The property enjoys excellent visibility and accessibility, situated on US-30 (Lincoln Highway), a major thoroughfare with over 27,000 vehicles passing daily, and featuring two points of ingress/egress. Its strategic location less than a mile from I-76 and the Pennsylvania Turnpike, which sees over 38,000 vehicles daily, provides exceptional regional access. The surrounding area is densely populated, with over 36,000 people within a 3-mile radius and average household incomes nearing $88,000. The property is also conveniently located near numerous national retailers, including Target, Walmart, and others, solidifying its position within a thriving retail corridor. The asking price is $2,451,000, representing a 5.90% cap rate and a NOI of $144,624. The 1.025-acre lot provides ample space for the well-established business.

Location Insight

City

Irwin

County

Westmoreland

State

Pennsylvania

Longitude

-79.7012

Latitude

40.324