For Sale
$1,840,000

202 Rodi RdPenn Hills, PA 15235

NNN Leased Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a single-tenant, 7,708 square foot DaVita Dialysis Center located at 202 Rodi Rd, Pittsburgh, PA 15235. The property, built in 2012, sits on a 0.34-acre lot and is classified as a Class B retail building with a permitted commercial zoning. The property is a net-leased (NNN) investment with a corporate guarantee from DaVita, providing significant security and stability. The lease features over eight years remaining on the current term, demonstrating a long history of occupancy. This strategically located outlot benefits from its position within the Penn Hills Shopping Center, enjoying high traffic counts exceeding 17,000 cars daily. Strong shadow anchors include Giant Eagle, Aldi, and a US Post Office, further enhancing the property's visibility and appeal. The average household income within three miles is $91,236, indicating a robust and affluent surrounding community. The asking price is $1,840,000, translating to a price per square foot of $238.71. This is a rare opportunity to acquire a secure, well-located, and financially sound net-leased investment property with a strong corporate tenant.

Highlights

  • DaVita Dialysis single-tenant occupancy.
  • Long-term lease with over eight years remaining.
  • NNN corporate guaranteed lease.
  • Outlot building in Penn Hill Shopping Center.
  • Shadow anchored by Giant Eagle and Aldi grocery stores.
  • Additional shadow anchor: US Post Office.

Property Details for 202 Rodi Rd

Property type
Lifestyle centers, Power centers
Square Feet
7,708 SF
Class
B
Year Built
2012
Buildings
1
Stories
1
Lot Size (sq. ft)
14,810 SF
Units
1

Location Insight

City
Penn Hills
County
Allegheny
State
Pennsylvania
Latitude
40.4647521
Longitude
-79.8249907
202 Rodi Rd, Penn Hills, Pennsylvania

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202 Rodi Rd
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