4771 Mcknight Rd Pittsburgh, PA 15237

Property Details for 4771 Mcknight Rd

Property type

Lifestyle centers

Property subtype

Power centers

Description

Northview Center, a 21,062 square foot shopping center in Pittsburgh, Pennsylvania, presents a compelling investment opportunity. Located at 4771 McKnight Road in the North Hills submarket, this multi-tenant property boasts 100% occupancy with a diverse mix of national and local tenants. National anchors include MY SALON Suite, FedEx Office, and Quest Diagnostics, comprising 57.7% of the gross leasable area (GLA). Local favorites Stokes Grill and El Campesino Restaurant round out the tenant roster. The property benefits from additional income generated by a leased billboard. With an in-place rental rate of $22.53 per square foot and a weighted average lease term remaining of 3.9 years, this asset offers strong, stable cash flow. The 2.25-acre site features 85 parking spaces (4.0 spaces per 1,000 square feet) and approximately 400 feet of frontage on McKnight Road, a major retail corridor with over 40,000 average daily traffic (ADT) per PennDOT. Recent capital improvements include a new parking lot (2023), a new 6-inch water main, sprinkler system upgrades, alarm system upgrades, waste and drainage system upgrades, and various tenant improvements. The property's location offers excellent access to Interstate 279 and serves a dense population within a 5-mile radius (approximately 209,000 people) with an average household income of $104,478. High barriers to entry due to challenging topography and limited developable land ensure long-term market stability.

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Longitude

-80.0057574

Latitude

40.5211635