1025 Merchant St
Ambridge, PA 15003
Advance Auto Parts · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare Absolute NNN Lease – Typically, Advance Auto Parts deals in this price point have a NN lease with roof, structure, parking lot, and partial HVAC
- Pittsburgh MSA – Pittsburgh, PA with a population of over 300,000 is only a 25-minute drive from this location along the scenic Ohio River.
- Sub $10 PSF Rent – AutoZone, O’Reilly Auto Parts, and a healthy amount of other Advance Auto Parts locations are typically paying around $100,000
- Recent 5-Year Extension – The tenant recently agreed to extend the lease by 5 years, demonstrating commitment to the location.
- Investment Grade Credit – Advance Auto Parts has retained an investment grade credit rating of BBB- (S&P) for many years
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,479 SF
Building Class
C
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.45 AC
Zoning
C-1
Parking
28 Spaces (5.11 Spaces per 1,000 SF Leased)
Frontage
185’ on Merchant St
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 11-003-0309.000 | Improvements Assessment | $314,150 |
| Land Assessment | $13,500 | Total Assessment | $327,650 |
