5317 William Flinn HwyGibsonia, PA 15044

Property Details for 5317 William Flinn Hwy

Year built

2023

Lot size

0.93 AC

Property size (Sq ft)

5,000 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Gibsonia

County

Allegheny

State

Pennsylvania

Latitude

40.6159

Longitude

-79.947

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