1985 Lincoln Way - Storefront Retail/Office FOR SALE


White Oak, PA 15131
$8,000,000 USD
248-702-0288
1985 Lincoln Way, White Oak, PA for Sale
$8,000,000 USD
Storefront Retail/Office - FOR SALE
1/16
null | 8.05% Cap Rate

1985 Lincoln Way
White Oak, PA 15131


HIGHLIGHTS

  • Weighted Avg. Lease Term - 4 Years
  • Located in the Pittsburgh MSA, 16 Miles from Downtown
  • Positioned on Signalized Corner with Multiple Access Points to Property
  • Investment Opportunity Consists of One (1) Multi-Tenant Building and Five (5) Single Tenant Outparcels
  • 1/3/5 Mile Population of 5,000/50,000/115,000
  • Multi-Generational Ownership with Hands on Management Over the Past 60 Years

OVERVIEW

Weighted Avg. Lease Term - 4 Years Located in the Pittsburgh MSA, 16 Miles from Downtown Positioned on Signalized Corner with Multiple Access Points to Property Investment Opportunity Consists of One (1) Multi-Tenant Building and Five (5) Single Tenant Outparcels 1/3/5 Mile Population of 5,000/50,000/115,000 Multi-Generational Ownership with Hands on Management Over the Past 60 Years Daily Traffic Counts of 17,000 Along Jacks Run Road Population of 24,000 and Household Income of $51,000 within Two Miles Priced Well Below Replacement Cost at $118 / SF Low Average Rent / sf of $10.02 | Opportunity to Grow Rents as Leases Roll Over Many Tenants Have Occupied for Over a Decade

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

8.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rainbow Village Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

180

LAND DETAILS

LAND ACRES

11.4 AC

LAND SF

496,584 SF

ZONING

C-2

APN/PARCEL ID

0551-P-00287-0000-00

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.