232 Ctr Rd Monroeville, PA 15146-1750
- Office buildings
- 0.34 lot acres
Mar 18, 2024
Current Use by Public Records
- Monroeville Pet Hospital (Jana Oster, DVM) / Veterinary Clinic
Property Details for 232 Ctr Rd
- Lot size
- 0.34 lot acres
- Property type
- Office buildings
- APN
- 743-H-192
- APU
- 743H192
Description
This exceptional investment opportunity presents the fee simple interest in a 2,212 square foot, NNN-leased, freestanding veterinary hospital in Monroeville, PA. The property, built in 1975 and situated on a 0.34-acre lot, boasts a strong 7.25% cap rate and a substantial $60,000 annual net operating income (NOI). The current tenant, Community Veterinary Partners, a large veterinary care provider, holds a 10-year lease commencing March 1, 2024, with three 5-year renewal options. The lease includes annual rent increases of 3%, ensuring consistent income growth. The property features 17 parking spaces and benefits from high visibility on Center Road, a busy thoroughfare with 11,132 vehicles daily, and proximity to major retailers like Target, Petco, and Lowe's. The strong demographics of the area, with over 132,682 residents and 52,744 daytime employees within a 5-mile radius and an average household income of $102,898, further enhance the investment's appeal. The NNN lease structure minimizes landlord responsibilities, making this an ideal low-management investment for a passive investor seeking stable, long-term returns. The property is a two-story building with a simple interest ownership structure and Allegheny County APN 743-H-192. This is a turnkey investment with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $550,000
- ML approach
- $550,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Monroeville
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.7669
- Latitude
- 40.4407
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
