For Sale
$2,714,000

4768 William Flinn HwyAllison Park, PA 15101

High-return auto shop, 15-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 1,770 square foot auto shop located at 4768 William Flinn Hwy, Hampton Township, PA 15101, within the Pittsburgh MSA. Built in 2023 on a 0.5-acre lot, the property boasts a 100% occupancy rate with a single tenant under a 15-year absolute NNN lease commencing October 1, 2023, and expiring September 30, 2038. The lease includes 10% rent increases every five years, ensuring consistent income growth. The current Net Operating Income (NOI) stands at $183,173, yielding a 6.75% cap rate. The tenant, a corporate entity (Strickland Brothers, operating as Jiffy Lube or Take 5 Oil Change), provides a strong corporate guaranty. The lease offers three and five-year renewal options, further securing long-term returns. This property is ideally suited for a 1031 exchange and represents a compelling investment in a recession-resistant industry, given the auto lube industry's consistent growth. The property benefits from a dense and growing demographic area, with over 80,000 people within a 5-mile radius and an average household income exceeding $150,000. The asking price is $2,714,000.

Highlights

  • Fee-simple ownership of a brand-new, 1,770 SF auto shop in Hampton Township, PA.
  • 100% occupancy with a 15-year NNN lease (10% rent increases every 5 years) to a corporate guarantor (Jiffy Lube/Take 5 Oil Change) starting October 1, 2023.
  • $2,714,000 asking price, $183,173 NOI, 6.75% cap rate.
  • Located on a 0.5-acre lot in a high-income, densely populated area (80,000+ within 5 miles, avg. household income >$150,000).
  • Ideal for a 1031 exchange.

Property Details for 4768 William Flinn Hwy

Property type
Retail properties, Retail space
Square Feet
1,770 SF
Year Built
2023
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Allison Park
County
Allegheny
State
Pennsylvania
Latitude
40.5959424
Longitude
-79.9473791
4768 William Flinn Hwy, Allison Park, Pennsylvania

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4768 William Flinn Hwy
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