2 Heckel RdMcKees Rocks, PA 15136

Property Details for 2 Heckel Rd

Lot size

1.83 AC

Property type

Grocery and convenience stores

APN

110-K-372

APU

110K372

Description

This exceptional investment opportunity presents a 2,135 square foot 7-Eleven convenience store situated on a 1.83-acre lot in McKees Rocks, Pennsylvania. The property boasts a highly desirable absolute NNN ground lease with zero landlord responsibilities, providing significant passive income. The lease, currently with 4.9 years remaining, includes a single 5-year renewal option and is corporately guaranteed by 7-Eleven. The store benefits from a prime location on Pine Hollow Road, experiencing high daily traffic volume (21,718 vehicles per day), and enjoys proximity to KenMawr Plaza, a substantial 152,000 square foot community center featuring numerous national and local tenants. Its convenient location near Fairhaven Park and Interstate 79 further enhances its appeal. The property has a strong operating history of 20 years and offers a compelling cap rate of 6.03% with a Net Operating Income (NOI) of $235,320. The asking price is $3,900,000, translating to $1,826.70 per square foot. This is a rare chance to acquire a stable, low-maintenance investment with a blue-chip tenant, located just six miles from downtown Pittsburgh. The lease commenced November 1, 2019, and expires October 31, 2029.

• CAP approach

  CAP return

  Valuation

  6%

  $22,285,156

  6.5%

  $20,570,914

  7%

  $19,101,562

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,790,484

  Geo Method

  $18,790,484

• Alternative Use

  Use

  Valuation

  Residential

  $17,352,334

  Hospitality

  $15,894,645

  Educational

  $13,224,158

  Medical

  $13,678,957

  Retail

  $20,570,914

Location Insight

City

Mc Kees Rocks

County

Allegheny

State

Pennsylvania

Latitude

40.4741

Longitude

-80.0946

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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