Rainbow Village Shopping Center | 1985 Lincoln Way
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Rainbow Village Shopping Center 1985 Lincoln Way
71,000 SF 97% Leased Retail Building White Oak, PA 15131 £6,312,000 (£89/SF) 8.05% Net Initial Yield
Investment Highlights
- Weighted Avg. Lease Term - 4 Years
- Positioned on Signalized Corner with Multiple Access Points to Property
- 1/3/5 Mile Population of 5,000/50,000/115,000
- Located in the Pittsburgh MSA, 16 Miles from Downtown
- Investment Opportunity Consists of One (1) Multi-Tenant Building and Five (5) Single Tenant Outparcels
- Multi-Generational Ownership with Hands on Management Over the Past 60 Years
Executive Summary
Weighted Avg. Lease Term - 4 Years
Located in the Pittsburgh MSA, 16 Miles from Downtown
Positioned on Signalized Corner with Multiple Access Points to Property Investment Opportunity Consists of One (1) Multi-Tenant Building and Five (5) Single Tenant Outparcels
1/3/5 Mile Population of 5,000/50,000/115,000
Multi-Generational Ownership with Hands on Management Over the Past 60 Years
Daily Traffic Counts of 17,000 Along Jacks Run Road
Population of 24,000 and Household Income of $51,000 within Two Miles
Priced Well Below Replacement Cost at $118 / SF
Low Average Rent / sf of $10.02 | Opportunity to Grow Rents as Leases Roll Over
Many Tenants Have Occupied for Over a Decade
Located in the Pittsburgh MSA, 16 Miles from Downtown
Positioned on Signalized Corner with Multiple Access Points to Property Investment Opportunity Consists of One (1) Multi-Tenant Building and Five (5) Single Tenant Outparcels
1/3/5 Mile Population of 5,000/50,000/115,000
Multi-Generational Ownership with Hands on Management Over the Past 60 Years
Daily Traffic Counts of 17,000 Along Jacks Run Road
Population of 24,000 and Household Income of $51,000 within Two Miles
Priced Well Below Replacement Cost at $118 / SF
Low Average Rent / sf of $10.02 | Opportunity to Grow Rents as Leases Roll Over
Many Tenants Have Occupied for Over a Decade
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
71,000 SF
Building Class
B
Year Built
1965
Price
£6,312,000
Price Per SF
£89
Net Initial Yield
8.05%
NOI
£508,116
Percent Leased
97%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.14
Land Acres
11.40 AC
Zoning
C-2 - Commercial 15000 SF
Parking
180 Spaces (2.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Pylon Sign
- Signalised Intersection
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 2,086 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,086 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 2,086 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 0551-P-00287-0000-00 | Improvements Assessment | £2,235,395 |
| Land Assessment | £723,355 | Total Assessment | £2,958,750 |
PROPERTY TAXES
Parcel Number
0551-P-00287-0000-00
Land Assessment
£723,355
Improvements Assessment
£2,235,395
Total Assessment
£2,958,750
-
Power Broker Deno Bistolarides -
Grant Kallevig -
Ryan Vinco -
Encore Real Estate Investment Services
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Rainbow Village Shopping Center | 1985 Lincoln Way
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