6290 Library RdBethel Park, PA 15102

Property Details for 6290 Library Rd

Lot size

0.78 AC

Property type

Retail properties

Property subtype

Banks

APN

887-J-85

APU

887J85

Description

This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, 2,420 square foot PNC Bank building located at 6290 Library Rd, Bethel Park, PA 15102. The property boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $145,530. The building, constructed in 1976, sits on a 0.87-acre lot and features a single story. The property benefits from a highly visible corner location on Library Road/Pennsylvania Route 88, a major thoroughfare. Nearby national retailers include Subway, 7-Eleven, BP, and Rite Aid, ensuring high traffic and visibility. The current lease with PNC Bank, a top 11% performer nationwide (according to Placer.ai), is an absolute NNN lease with a corporate guarantee, providing significant security. The lease has a remaining term of 5.9 years, expiring September 29, 2030, with a 5% rent bump option. The property also features a recently resealed and restriped parking lot (2024). This is a rare opportunity to acquire a high-performing, investment-grade asset in a prime location within Allegheny County, a thriving economic hub with over 1.25 million residents. The asking price is $2,007,000, translating to $829.34 per square foot. The lease includes one 5-year option. This is a turnkey investment with excellent potential for long-term growth and passive income.

• CAP approach

  CAP return

  Valuation

  6%

  $9,512,881

  6.5%

  $8,781,121

  7%

  $8,153,898

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,021,108

  Geo Method

  $8,021,108

• Alternative Use

  Use

  Valuation

  Residential

  $7,407,204

  Hospitality

  $6,784,959

  Educational

  $5,645,006

  Medical

  $5,839,146

  Retail

  $8,781,121

Location Insight

City

Bethel Park

County

Allegheny

State

Pennsylvania

Latitude

40.292

Longitude

-80.031

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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