4846 Mcknight Rd - Auto Repair FOR SALE
Pittsburgh, PA 15237 |
4846 Mcknight Rd
Pittsburgh, PA 15237
HIGHLIGHTS
- Jiffy Lube Absolute NNN Lease with 5-Years Remaining in Pittsburgh, PA, Absolute NNN Lease – Zero Landlord Responsibilities
- Tenant Since 1991 with 30+ Year Operating History at the Site – New 15-Year Lease Put in Place in 2006
- 160-Unit Franchisee (Team Lucor), In Business Since 1986 with 14 Other Locations in the Pittsburgh, PA Market
- Annual CPI Rent Increases Provide Strong Inflation Hedge – Up to 3% Annual Increase Allowable
- Two Options Remaining both with Continued Annual Rent Increases Based on CPI
- Landlord-Favorable Percentage Rent Clause – Tenant Pays Percentage Rent that Results in Total Rent of No Less than 12% of Sales
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Jiffy Lube - NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
2731
STORIES
1
YEAR BUILT
1986
SPRINKLERS
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PARKING SPACES
5
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
0352-C-00252-0000-00
