212 Rodi RdPittsburgh, PA 15235

Property Details for 212 Rodi Rd

Lot size

0.69 AC

Property type

Retail properties

Property subtype

Drive through restaurants

APN

449-P-38

APU

449P38

Description

This exceptional investment opportunity presents a single-tenant, Class A Taco Bell restaurant located at 212 Rodi Rd, Pittsburgh, PA 15235. Built in 2019, this 3,000 square foot property sits on a 0.69-acre lot within the Penn Hills Shopping Center, benefiting from high traffic counts exceeding 17,000 vehicles daily. The property boasts a strong financial profile, including a 5.50% cap rate and a Net Operating Income (NOI) of $57,750. The lease is a triple-net (NNN) agreement with a franchisee tenant, ensuring minimal landlord responsibilities. The lease term extends to 2039, providing long-term stability and rent bumps every five years. The property's location within Allegheny County offers access to a desirable demographic, with an average household income within three miles exceeding $91,236. This is a turnkey investment opportunity with a 100% occupancy rate and a compelling price per square foot of $350, totaling an asking price of $1,050,000. The property's single-story building and strong tenant history make it an attractive addition to any portfolio. This is a rare chance to acquire a well-established, high-performing fast-food property in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $10,074,423

  6.5%

  $9,299,467

  7%

  $8,635,219

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,160,365

  Geo Method

  $15,115,464

• Alternative Use

  Use

  Valuation

  Residential

  $7,844,448

  Hospitality

  $7,185,472

  Educational

  $5,978,229

  Medical

  $6,183,830

  Retail

  $9,299,467

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4637

Longitude

-79.8253

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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