For Sale
$950,000

204 Rodi RdPittsburgh, PA 15235

Guaranteed Income, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 0.59-acre Class A retail property located at 204 Rodi Rd, Pittsburgh, PA 15235. Built in 2014, this single-tenant ground lease features a PNC ATM, backed by a corporate guarantee, ensuring consistent income. The lease includes built-in rent increases every five years, and the tenant is responsible for all expenses, including CAM, taxes, and insurance (triple net lease). The property benefits from its strategic outlot position within the Penn Hills Shopping Center, enjoying high visibility and strong traffic counts exceeding 17,000 vehicles daily. The location boasts prominent shadow anchors such as Giant Eagle and Aldi grocery stores, as well as a US Post Office, further enhancing its appeal and drawing significant consumer traffic. The surrounding area demonstrates high earning potential, with an average household income of $91,236 within a three-mile radius. This is a rare opportunity to acquire a secure, high-performing retail investment with a strong tenant and excellent location. The asking price is $950,000.

Highlights

  • Single-tenant ground lease for a PNC ATM with corporate guarantee.
  • Built-in rent increases every five years; triple-net lease (tenant pays CAM, taxes, insurance).
  • 0.59-acre Class A retail outlot in Penn Hills Shopping Center, Pittsburgh, PA.
  • High-traffic location (17,000+ vehicles daily) with Giant Eagle, Aldi, and US Post Office nearby.
  • Strong demographics: average household income of $91,236 within a three-mile radius.

Property Details for 204 Rodi Rd

Property type
Retail properties, Banks
Class
A
Year Built
2014
Lot Size (sq. ft)
25,700 SF

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.46444
Longitude
-79.824799
204 Rodi Rd, Pittsburgh, Pennsylvania

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204 Rodi Rd
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