For Sale
$319,000

2016 Noble StPittsburgh, PA 15218

High-yield daycare, 5-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a single-tenant, 5,300 square foot daycare center located at 2016 Noble Street in Swissvale, Pennsylvania. Situated on a 0.25-acre lot (APN: 0178-D-00298-0000-00, 0178-D-00301-0000-00) within the Central Business District, this property boasts a strong 9.53% cap rate and a substantial net operating income (NOI) of $30,408. The current tenant, operating since 2019, recently renewed their lease, ensuring a stable income stream through March 31, 2029 (a remaining term of 5 years). The property features attractive architecture, a large parking lot (separate parcel), and a newer HVAC system. The tenant is responsible for all utilities (gas, electric, water), lawn/shrubbery care, and snow removal. Annual property taxes are $7,490, and the 2023 insurance premium was $1,702. The asking price is $319,000. This property is conveniently located just 9 miles from downtown Pittsburgh, 15 minutes from the Waterfront, 10 minutes from Kennywood Park, and less than a mile from Route 376. Detailed income and expense information is available upon request. The tenant pays a monthly rent of $3,300. This is a rare opportunity to acquire a well-maintained, high-performing daycare center with a long-term lease in a desirable location. The property is zoned for Central Business District use. The building is a single-story structure. Occupancy is currently at 100%.

Highlights

  • 5,300 SF single-tenant daycare center in Swissvale, PA, on a 0.25-acre lot.
  • Strong 9.53% cap rate and $30,408 NOI.
  • Long-term lease with 5 years remaining (expires March 31, 2029), current rent $3,300/month.
  • Attractive architecture, ample parking, and newer HVAC system; tenant responsible for all utilities and maintenance.
  • Annual property taxes $7,490, 2023 insurance premium $1,702; asking price $319,000.

Property Details for 2016 Noble St

Property type
Day care centers & nurseries, Retail properties
Square Feet
5,300 SF
Stories
1
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.4213071
Longitude
-79.886357
2016 Noble St, Pittsburgh, Pennsylvania

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2016 Noble St
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