Rainbow Village Shopping Center | 1985 Lincoln Way
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Rainbow Village Shopping Center 1985 Lincoln Way
71,000 SF 100% Leased Retail Building White Oak, PA 15131 $11,572,000 CAD ($163 CAD/SF) 8.05% Cap Rate
INVESTMENT HIGHLIGHTS
- Weighted Avg. Lease Term - 4 Years
- Positioned on Signalized Corner with Multiple Access Points to Property
- 1/3/5 Mile Population of 5,000/50,000/115,000
- Located in the Pittsburgh MSA, 16 Miles from Downtown
- Investment Opportunity Consists of One (1) Multi-Tenant Building and Five (5) Single Tenant Outparcels
- Multi-Generational Ownership with Hands on Management Over the Past 60 Years
EXECUTIVE SUMMARY
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
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
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
71,000 SF
Building Class
B
Year Built
1965
Price
$11,572,000 CAD
Price Per SF
$163 CAD
Cap Rate
8.05%
NOI
$931,546 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
11.40 AC
Zoning
C-2 - Commercial 15000 SF
Parking
180 Spaces (2.71 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
CONTACTS
-
Deno Bistolarides -
Grant Kallevig -
Ryan Vinco -
Encore Real Estate Investment Services
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Rainbow Village Shopping Center | 1985 Lincoln Way
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