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Valvoline 1203 Pittsburgh St 1,925 SF Retail Building Cheswick, PA 15024 $1,046,153 ($543.46/SF) 6.50% Cap Rate
Investment Highlights
- New 10-Year Corporate Lease
- Corporate Brand Recognition
- Scheduled Rent Increases
- Historical Occupancy
Executive Summary
Surmount is pleased to present the exclusive listing for a Valvoline located at 1203 Pittsburgh Street, Cheswick, PA 15024. The site consists of roughly 1,925 rentable square feet of building space on an estimated .21-acre parcel of land. Valvoline is subject to a 10-year Corporate lease, which expires December 2034. The current annual rent is $68,000 and has scheduled increases of 7.50% Every 5 Years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,925 SF
Building Class
C
Year Built
2024
Price
$1,046,153
Price Per SF
$543.46
Cap Rate
6.50%
NOI
$68,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.21 AC
Frontage
93’ on Pittsburgh St
Amenities
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0530-S-00081-0000-00 | Improvements Assessment | $153,900 |
| Land Assessment | $47,000 | Total Assessment | $200,900 |
Property Taxes
Parcel Number
0530-S-00081-0000-00
Land Assessment
$47,000
Improvements Assessment
$153,900
Total Assessment
$200,900
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Valvoline | 1203 Pittsburgh St
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