845 4th Ave Coraopolis, PA 15108-1505

Exceptional investment opportunity: a brand-new, Class A, 7,200-square-foot O'Reilly Auto Parts storefront in Coraopolis, Pennsylvania. This single-tenant, absolute NNN net lease property boasts a strong 4.82% cap rate and a substantial NOI of $107,000. Built in 2023, the property features 65 parking spaces on a 0.78-acre lot, situated in a C1 zoned area. The lease commenced July 11, 2023, with a 15-year initial term and five 5-year renewal options, ensuring long-term stability. Rent increases are built in with 10% bumps. The property benefits from its strategic location near hotels, restaurants, and interstates, minutes from Pittsburgh International Airport. This is a community fulfillment retailer with consistently increasing monthly sales. The seller is motivated and is seeking a 1031 exchange. This is a rare opportunity to acquire a high-quality, net-leased retail property with a proven tenant and significant upside potential. The asking price is $2,222,222, representing a price per square foot of $308.64. The property is owned by 845 4th Ave, LLC and is located at 845 4th Ave, Coraopolis, PA 15108.