5555 Mountain View DrPittsburgh, PA 15122

Property Details for 5555 Mountain View Dr

Lot size

3.42 AC

Property type

Retail properties

Property subtype

Outlet malls

APN

387-B-22

APU

387B22

Description

This exceptional investment opportunity presents a 45,000-square-foot retail storefront in Pittsburgh, Pennsylvania, currently 100% occupied by a credit-rated tenant under a net lease. The property, located at 5555 Mountain View Drive, boasts a strong 7.5% cap rate and a substantial net operating income (NOI) of $350,323. Situated on a 4.04-acre lot with 169 parking spaces, the building benefits from high visibility and accessibility within the bustling West Mifflin retail corridor. The location enjoys significant daily traffic counts on nearby Lebanon Church Road (33,400+) and Clairton Road (14,300+), serving a dense residential population exceeding 183,000 within a five-mile radius. The property is strategically positioned near major retailers including Walmart, Sam's Club, Burlington, and more, further enhanced by its proximity to established shopping centers like Century Square and Southland Shopping Center. The lease commenced March 1, 2022, and expires December 31, 2027, offering a remaining term of approximately 3.1 years. The property is zoned for industrial use with retail permitted, offering flexibility for future development. The asking price is $4,671,000, translating to $103 per square foot. This fee-simple sale presents a rare opportunity in an area known for ground leases, offering a passive investment with minimal landlord responsibilities and high barriers to entry due to limited developable land. The tenant, Pool City, was acquired by Leslie's Poolmart (NASDAQ: LESL) in 2018.

• CAP approach

  CAP return

  Valuation

  6%

  $52,168,472

  6.5%

  $48,155,512

  7%

  $44,715,832

• Comparable approach

  Method

  Valuation

  Relative Method

  $75,126,880

  Geo Method

  $75,126,880

• Alternative Use

  Use

  Valuation

  Residential

  $40,620,976

  Hospitality

  $37,208,596

  Educational

  $30,957,116

  Medical

  $32,021,778

  Retail

  $48,155,512

Location Insight

City

West Mifflin

County

Allegheny

State

Pennsylvania

Latitude

40.3439

Longitude

-79.9421

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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