202 Rodi RdPenn Hills, PA 15235
- Retail properties
- 0.46 AC
Property Details for 202 Rodi Rd
- Lot size
- 0.46 AC
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 449-P-34
- APU
- 449P34
Description
This exceptional investment opportunity presents a single-tenant, 7,708 square foot DaVita Dialysis Center located at 202 Rodi Rd, Pittsburgh, PA 15235. The property, built in 2012, sits on a 0.34-acre lot and is classified as a Class B retail building with a permitted commercial zoning. The property is a net-leased (NNN) investment with a corporate guarantee from DaVita, providing significant security and stability. The lease features over eight years remaining on the current term, demonstrating a long history of occupancy. This strategically located outlot benefits from its position within the Penn Hills Shopping Center, enjoying high traffic counts exceeding 17,000 cars daily. Strong shadow anchors include Giant Eagle, Aldi, and a US Post Office, further enhancing the property's visibility and appeal. The average household income within three miles is $91,236, indicating a robust and affluent surrounding community. The asking price is $1,840,000, translating to a price per square foot of $238.71. This is a rare opportunity to acquire a secure, well-located, and financially sound net-leased investment property with a strong corporate tenant.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,656,138
- 6.5%
- $6,144,128
- 7%
- $5,705,262
-
Comparable approach
- Method
- Valuation
- Relative Method
- $8,034,130
- Geo Method
- $9,986,787
-
Alternative Use
- Use
- Valuation
- Residential
- $5,182,802
- Hospitality
- $4,747,418
- Educational
- $3,949,796
- Medical
- $4,085,636
- Retail
- $6,144,128
Location Insight
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Latitude
- 40.4647
- Longitude
- -79.825
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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