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1985 Lincoln Way
White Oak, PA 15131
Rainbow Village Retail Center · Retail Property For Sale
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
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
71,000 SF
Building Class
B
Year Built
1965
Price
$7,495,000
Price Per SF
$105.56
Cap Rate
9%
NOI
$674,625
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
11.40 AC
Zoning
C-2 - Commercial 15000 SF
Parking
180 Spaces (2.71 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 0551-P-00287-0000-00 | Improvements Assessment | $2,487,400 |
| Land Assessment | $621,900 | Total Assessment | $3,109,300 |
PROPERTY TAXES
Parcel Number
0551-P-00287-0000-00
Land Assessment
$621,900
Improvements Assessment
$2,487,400
Total Assessment
$3,109,300
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