3107 Library Rd Pittsburgh, PA 15234-2628

Property Details for 3107 Library Rd

Lot size

0.10 lot acres

Property type

Parking lots & garages

APN

190-C-208

APU

190C208

Description

Exceptional investment opportunity: This fee-simple, 3,510 square foot WetGo car wash in Castle Shannon, PA, presents a compelling net lease investment. Located at 3107 Library Rd, 15234, this 2023-built property sits on a 1.03-acre lot and boasts a 6.50% cap rate with a strong NOI of $326,891. The property benefits from a 19-year remaining lease term with a corporate guarantee from a reputable national brand, ensuring consistent income. Rent increases are built into the lease, with a 5% increase every 5 years and a 2.5% increase at each option period (8x5 years). The property enjoys high visibility in a high-traffic area with over 20,028 vehicles passing daily. The location is within a thriving retail corridor near major roadways and other national retailers, serving a dense population with high average household incomes ($96,900-$106,400 within a 1-5 mile radius). This is a rare opportunity to acquire a high-performing asset with significant long-term growth potential. 100% occupancy. All expenses are the responsibility of the tenant.

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Longitude

-80.0059

Latitude

40.3733

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments