12012 Frankstown Rd Penn Hills, PA 15235
Property profile & analytics
12012 Frankstown Rd Penn Hills, PA 15235
- Banks
- 3,953 SF
- 1.82 lot acres
Property ID
US73-3648681
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Banks
Property Details for 12012 Frankstown Rd
- Year built
- 2021
- Lot size
- 1.82 lot acres
- Property size
- 3,953 SF
- Property type
- Banks
- APN
- 0449-C-00012-000-00
Description
This exceptional investment opportunity presents a fee-simple ground lease on a brand-new, 3,953 square-foot Bank of America branch in Penn Hills, Pennsylvania. Built in 2021, this Class A property boasts a 15-year absolute NNN lease with a corporate guarantee from Bank of America, providing significant financial stability. The lease commenced March 21, 2021, and features a substantial remaining term of approximately 11.4 years, extending to March 31, 2036. Attractive 12.5% rent increases are built into the lease every five years, ensuring consistent growth in rental income. The property sits on a sizable 1.82-acre lot and includes a two-lane drive-thru and 24/7 ATM access. The current net operating income (NOI) is $185,000, yielding a 4.51% cap rate, and the asking price is $4,100,000 ($1,037.19 per square foot). The property benefits from its strategic location on Frankstown Road (PA Route 380), a major thoroughfare, serving a densely populated area with high average household income. The lease includes two five-year renewal options, further enhancing the long-term value of this investment. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a financially strong, investment-grade tenant in a thriving market. The property's location near major universities contributes to a robust and growing local economy.
Value Estimations
based on Realmo’s proprietary methodology
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Penn Hills
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.8215541
- Latitude
- 40.4701598
