4768 William Flinn HwyAllison Park, PA 15101

Property Details for 4768 William Flinn Hwy

Year built

2023

Lot size

0.50 AC

Property size (Sq ft)

1,770 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Allison Park

County

Allegheny

State

Pennsylvania

Latitude

40.5959

Longitude

-79.9474

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