3101 Washington PikeBridgeville, PA 15017

Property Details for 3101 Washington Pike

Year built

1939

Lot size

1.81 AC

Property size (Sq ft)

1,193 SF

Property type

Retail properties

Property subtype

Other car washes

APN

322-K-2

APU

322K2

Description

This exceptional investment opportunity presents a newly constructed, single-tenant, absolute NNN leased car wash in Bridgeville, Pennsylvania. The 4,224 square foot facility, situated on a 1.81-acre lot (APN 322-K-2), boasts 100% occupancy with a strong, established tenant: ModWash. The property features a 20-year primary lease term commencing at closing, with six 5-year option periods and attractive 1.5% annual rent increases. This translates to a substantial NOI of $358,955 and a compelling 6.50% cap rate, making it an ideal asset for a 1031 exchange or any investor seeking long-term, inflation-resistant income with zero landlord responsibilities. The strategic location on Washington Pike (over 23,500 vehicles per day), less than half a mile from Interstate 79 (72,116 VPD), and within 15 miles of downtown Pittsburgh ensures high visibility and accessibility. The surrounding area features a robust mix of national retailers, including The Home Depot, ALDI, and Giant Eagle, further enhancing the property's value and potential. The asking price is $5,520,000 ($1,306.82 per square foot). This is a rare opportunity to acquire a premium, passively managed asset in a thriving market with a proven track record of growth and strong financials. The property's eco-friendly design and construction further contribute to its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $333,516

  6.5%

  $307,860

  7%

  $285,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $281,215

  Geo Method

  $281,215

• Alternative Use

  Use

  Valuation

  Residential

  $259,692

  Hospitality

  $237,876

  Educational

  $197,910

  Medical

  $204,717

  Retail

  $307,860

Location Insight

City

Bridgeville

County

Allegheny

State

Pennsylvania

Latitude

40.3492

Longitude

-80.1115

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].