204 Rodi RdPittsburgh, PA 15235

Property Details for 204 Rodi Rd

Lot size

0.59 AC

Property type

Retail properties

Property subtype

Banks

APN

449-R-390

APU

449R390

Description

This exceptional investment opportunity presents a 0.59-acre Class A retail property located at 204 Rodi Rd, Pittsburgh, PA 15235. Built in 2014, this single-tenant ground lease features a PNC ATM, backed by a corporate guarantee, ensuring consistent income. The lease includes built-in rent increases every five years, and the tenant is responsible for all expenses, including CAM, taxes, and insurance (triple net lease). The property benefits from its strategic outlot position within the Penn Hills Shopping Center, enjoying high visibility and strong traffic counts exceeding 17,000 vehicles daily. The location boasts prominent shadow anchors such as Giant Eagle and Aldi grocery stores, as well as a US Post Office, further enhancing its appeal and drawing significant consumer traffic. The surrounding area demonstrates high earning potential, with an average household income of $91,236 within a three-mile radius. This is a rare opportunity to acquire a secure, high-performing retail investment with a strong tenant and excellent location. The asking price is $950,000.

• CAP approach

  CAP return

  Valuation

  6%

  $8,572,965

  6.5%

  $7,913,506

  7%

  $7,348,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,347,839

  Geo Method

  $12,862,756

• Alternative Use

  Use

  Valuation

  Residential

  $6,675,338

  Hospitality

  $6,114,574

  Educational

  $5,087,254

  Medical

  $5,262,212

  Retail

  $7,913,506

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4644

Longitude

-79.8248

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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