1985 Lincoln Way White Oak, PA 15131

Rainbow Village Shopping Center, located at 1985 Lincoln Way in White Oak, PA, presents a compelling investment opportunity. This stabilized, multi-tenant shopping center comprises six buildings totaling 66,405 square feet on an 11.4-acre lot. The property boasts 18 tenants, with an 87% occupancy rate and a strong NOI of $644,398, yielding an 8.05% cap rate. The asking price is $8,000,000, translating to $120.47 per square foot. Built in 1965, the single-story buildings benefit from a 2005 roof and ample parking (250 spaces). Situated on a signalized corner with multiple access points, the center enjoys high visibility and traffic counts exceeding 17,000 vehicles daily. The property features a mix of franchise and non-franchise tenants, with lease terms averaging four years and rent bumps included in lease options. The current lease type is Net. A 4,000 square foot vacant building presents a value-add opportunity. The property is zoned commercial and benefits from a strong demographic profile, with a population of 24,000 and a household income of $51,000 within a two-mile radius. The location is within the Pittsburgh MSA, just 16 miles from downtown. This asset offers significant long-term potential due to limited new development and relocation options in the area, and a history of multi-generational ownership and hands-on management. The property's location on a heavily trafficked corridor ensures continued success for years to come. The APN is 0551-R-00195-0000-00, 0551-P-00287-0000-00.