For Sale
$1,970,000

500 Main St Carnegie, PA 15106

High-Yield Dunkin' in Carnegie, PA

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a fee-simple Dunkin' located at 500 E Main St, Carnegie, PA 15106. The property boasts a new 15-year absolute NNN lease with a 5.50% cap rate and a strong NOI of $108,350. The 1,657 square foot building, constructed in 2022, sits on a 0.34-acre lot with 19 parking spaces. The lease includes 10% rent increases every five years and is guaranteed by Heartland Restaurant Group, the exclusive Dunkin' franchisee for the Pittsburgh MSA. This prime location on East Main Street sees over 18,600 vehicles daily and is conveniently situated approximately six miles from downtown Pittsburgh. The area features a high population density (over 237,000 within a five-mile radius) and is surrounded by national retailers such as CVS, Family Dollar, PNC Bank, Citizens Bank, Advance Auto Parts, and Dollar Tree. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio. The asking price is $1,970,000.

Highlights

  • New 15-year absolute NNN lease in Carnegie, PA.
  • 10% rent increases every five years.
  • Fee simple ownership (land and building) allows for depreciation.
  • Lease guaranteed by Heartland Restaurant Group (HRG), a 75-unit operator and the exclusive Dunkin' franchisee in the Pittsburgh MSA.
  • Strong store sales (details available upon request).
  • New 2022 construction.

Property Details for 500 Main St

Property type
Retail properties, Restaurants
Year Built
2022
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Carnegie
County
Allegheny
State
Pennsylvania
Latitude
40.4107664
Longitude
-80.0811018

FAQs

What type of property is this?
Retail property - High-Yield Dunkin' in Carnegie, PA
Where is the retail property located?
The property is located at 500 Main St Carnegie, PA.
What is the asking price?
The asking price for this property is $1,970,000.
What are key features of this property?
This property features: New 15-year absolute NNN lease in Carnegie, PA.; 10% rent increases every five years.; Fee simple ownership (land and building) allows for depreciation.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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500 Main St
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