6290 Library Rd Bethel Park, PA 15102-4025
- Banks
- 0.78 lot acres
Current Use by Public Records
- PNC Bank / Bank / Atm
- PNC Mortgage / Mortgage Lender
- PNC Bank ATM / Atm
- PNC ATM / Atm
Property Details for 6290 Library Rd
- Lot size
- 0.78 lot acres
- Property type
- Banks
- APN
- 887-J-85
- APU
- 887J85
Description
This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, 2,420 square foot PNC Bank building located at 6290 Library Rd, Bethel Park, PA 15102. The property boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $145,530. The building, constructed in 1976, sits on a 0.87-acre lot and features a single story. The property benefits from a highly visible corner location on Library Road/Pennsylvania Route 88, a major thoroughfare. Nearby national retailers include Subway, 7-Eleven, BP, and Rite Aid, ensuring high traffic and visibility. The current lease with PNC Bank, a top 11% performer nationwide (according to Placer.ai), is an absolute NNN lease with a corporate guarantee, providing significant security. The lease has a remaining term of 5.9 years, expiring September 29, 2030, with a 5% rent bump option. The property also features a recently resealed and restriped parking lot (2024). This is a rare opportunity to acquire a high-performing, investment-grade asset in a prime location within Allegheny County, a thriving economic hub with over 1.25 million residents. The asking price is $2,007,000, translating to $829.34 per square foot. The lease includes one 5-year option. This is a turnkey investment with excellent potential for long-term growth and passive income.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,415,000
- 6.5%
- $1,490,000
- 7%
- $1,605,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,775,000
- Geo Method
- $1,375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,430,000
- Retail
- $1,555,000
- Mixed-Use
- $1,315,000
- Hospitality
- $1,680,000
- Educational
- $1,465,000
- Residential Income
- $1,390,000
- Energy
- $1,550,000
- Income-Based Land
- $1,595,000
- Food Service
- $1,415,000
Location Insight
- Map
- Local Demand
- City
- Bethel Park
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -80.031
- Latitude
- 40.292
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
