Mission BBQ 6541 Steubenville Pike

LEASE
The Lease is with Mission BBQ Robinson PA, LLC and guaranteed by Mission BBQ Management, LLC which is a corporate guaranty backed by 130+ locations. Tenant has been at this location since 2018 (6 years) and has recently extended its lease early with over 8.5 years of primary term now remaining. Rent increases 10.00% every five years and during each of the 5-year renewal options. Landlord is responsible for roof/structure and Tenant reimburses for all non-capital expenses. The shopping center manager takes care of all CAM. They bill the Landlord who then bills the Tenant. Tenant reports extremely strong sales at this location and expanded its space to accommodate for its highly successful catering business. Ask broker for more details.
PROPERTY
The property consists of 6,114 SF in total on 0.720 acres and sits as an outlot to a Kohl's anchored shopping center. There is an additional outdoor patio area. Mission BBQ originally occupied 4,000 SF but due to strong demand, they decided to lease the additional 2,114 SF as well and now occupy 100% of the building. The property itself offers easy signalized access and has excellent visibility on Steubenville Pike / Lincoln Highway with 25,030 vehicles passing by daily. Other retailers in the shopping center include Staples, Mattress Firm, Hobby Lobby, and Tile Shop. The property is in the center of the local trade area and is surrounded by big box national retailers in all directions. It is also conveniently located right off the I-376 interchange.
TRADE AREA
The subject property is on the northwest side of Pittsburgh, PA. The MSA has over 2.3 million people and is the 20th largest MSA in the country. Pittsburgh is home to three professional sports teams including the Pittsburgh Steelers (NFL), Pirates (MLB), and Penguins (NHL). Google, Apple, Bosch, Disney, Uber, Intel, and IBM are among the 1,600 tech firms that generate over $20 billion in annual Pittsburgh payrolls. The area is home to 68 colleges and universities including Carnegie Mellon University (14,000 students) and the University of Pittsburgh (20,000 students). There are eight Fortune 500 Companies, the nation's fifth-largest bank, and six of the top 300 US law firms that call Pittsburgh home.