For Sale
$3,586,000

5317 William Flinn HwyGibsonia, PA 15044

High-Yield Net Lease Investment. Strong Verizon Tenant.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 5,000 square foot storefront in Gibsonia, Pennsylvania, currently operating as a Verizon Wireless regional headquarters. The property boasts a new, 10.1-year net lease (NN) with a prominent franchisee tenant, Verizon Wireless, commencing June 1, 2023, and expiring June 29, 2033. This leaves a substantial 8.6 years remaining on the lease term. The asking price is $3,586,000, representing a compelling $717.20 per square foot and a 6.30% cap rate based on a Net Operating Income (NOI) of $225,915. The property, built in 2023, sits on a 0.927-acre lot and enjoys 100% occupancy. The lease includes attractive 10% rent increases every five years, and two five-year renewal options. This strategically located property benefits from high visibility and accessibility along William Flinn Highway (33,000 cars daily), less than a mile from I-76. The surrounding area boasts a dense trade area within the Pittsburgh MSA, with over 68,000 residents within a five-mile radius and average household incomes exceeding $142,000. Nearby national retailers include Walmart, Kohl's, Dollar Tree, and McDonald's. This is a rare opportunity to acquire a high-performing, net-leased property anchored by a creditworthy tenant in a thriving market.

Highlights

  • New 10-year lease with Verizon, commencing 2023.
  • Verizon's regional headquarters and retail store in one location.
  • Tenant is a major US Verizon retailer with nearly 800 stores nationwide.
  • Rent increases 10% every five years.
  • High-density trade area; 68,366 residents within a 5-mile radius of the Pittsburgh MSA.
  • Excellent visibility and accessibility on William Flinn Highway (33,000 VPD), near I-76.

Property Details for 5317 William Flinn Hwy

Property type
Retail properties, Retail space
Square Feet
5,000 SF
Year Built
2023
Lot Size (sq. ft)
40,380 SF

Location Insight

City
Gibsonia
County
Allegheny
State
Pennsylvania
Latitude
40.6159194
Longitude
-79.9470084
5317 William Flinn Hwy, Gibsonia, Pennsylvania

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5317 William Flinn Hwy
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