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STNL Investment Opportunity 20030 Route 19 8,142 SF Retail Building Cranberry Township, PA 16066 $4,266,666 ($524.03/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- The property benefits from excellent visibility and convenient access along a major commercial corridor
- Excellent frontage along Route 19, a key arterial road connecting Cranberry Township with surrounding communities
- Surrounded by other retail and service businesses, including shopping centers and restaurants, making it part of a vibrant commercial hub
- Situated on Route 19, one of the busiest retail and commercial corridors in Cranberry Township, providing high traffic exposure
EXECUTIVE SUMMARY
illi Commercial Real Estate is pleased to offer the opportunity to acquire feesimple ownership of a Net Leased Firestone investment property, consisting of an approximately 8,143 square foot building situated on nearly 1.05 acres of land, in the thriving suburban community of Cranberry Township, Pennsylvania. Located in the Pittsburgh metropolitan area, the property benefits from excellent visibility and convenient access along a major commercial corridor. Cranberry is one of Pennsylvania’s most affluent and rapidly growing townships, and provides the tenant a stable, high-income demographic base for sustained retail performance.
Bridgestone Retail Operations, LLC (Firestone) has operated at the property since 2010 and recently extended its lease through May 2031. With its Absolute Net lease structure, the asset provides a future owner stable cash flow, with the tenant being responsible for all property expenses, providing a truly passive investment opportunity. This investment offers exceptional long-term income security backed by one of the world’s most creditworthy automotive service retailers.
Bridgestone Retail Operations, LLC (Firestone) has operated at the property since 2010 and recently extended its lease through May 2031. With its Absolute Net lease structure, the asset provides a future owner stable cash flow, with the tenant being responsible for all property expenses, providing a truly passive investment opportunity. This investment offers exceptional long-term income security backed by one of the world’s most creditworthy automotive service retailers.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,142 SF
Building Class
C
Year Built
2011
Price
$4,266,666
Price Per SF
$524.03
Cap Rate
6.75%
NOI
$288,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.05 AC
Zoning
COMM
Parking
42 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
157’ on Route 19
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 130-4F110-23A-0000 | Improvements Assessment | $86,530 |
| Land Assessment | $7,350 | Total Assessment | $93,880 |
PROPERTY TAXES
Parcel Number
130-4F110-23A-0000
Land Assessment
$7,350
Improvements Assessment
$86,530
Total Assessment
$93,880
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STNL Investment Opportunity | 20030 Route 19
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