Property profile

500 Main St Carnegie, PA 15106

OFF-MARKET
Parking lots & garages
Property ID
US73-5897318
0.38 ac lot Built 1900
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple Dunkin' located at 500 E Main St, Carnegie, PA 15106. The property boasts a new 15-year absolute NNN lease with a 5.50% cap rate and a strong NOI of $108,350. The 1,657 square foot building, constructed in 2022, sits on a 0.34-acre lot with 19 parking spaces. The lease includes 10% rent increases every five years and is guaranteed by Heartland Restaurant Group, the exclusive Dunkin' franchisee for the Pittsburgh MSA. This prime location on East Main Street sees over 18,600 vehicles daily and is conveniently situated approximately six miles from downtown Pittsburgh. The area features a high population density (over 237,000 within a five-mile radius) and is surrounded by national retailers such as CVS, Family Dollar, PNC Bank, Citizens Bank, Advance Auto Parts, and Dollar Tree. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio. The asking price is $1,970,000.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1900
Lot 0.38 ac (16,509 SF)
APN 66-E-172
UPID US73-5897318

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

500 Main St Carnegie, PA 15106-2051
Carnegie metro Census 468900 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2022
Last sale
$425,000
4 recorded transactions
2022
$425,000
2015
$275,000
2007
$255,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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