5317 William Flinn HwyGibsonia, PA 15044

  • Retail properties
  • 5,000 SF
For Sale
$3,586,000 View listing

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
Other retail properties

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.

5317 William Flinn Hwy, Gibsonia, Pennsylvania

Location Insight

City
Gibsonia
County
Allegheny
State
Pennsylvania
Latitude
40.6159
Longitude
-79.947

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