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Dollar Tree | Pittsburgh, PA 2858 Banksville Rd 10,132 SF Retail Building Pittsburgh, PA 15216 $1,520,174 ($150.04/SF) 7.65% Cap Rate
Investment Highlights
- Investment-grade Dollar Tree, Inc. (S&P BBB rated) guarantees the lease, providing strong corporate credit support.
- Recently renovated asset (2021), including interior and electrical systems, reducing near-term capital expenditure needs.
- High-visibility corridor on Banksville Road (26,000+ VPD), less than 4 miles from Downtown Pittsburgh.
- Approximately 5 years remaining on the current term, with two 5-year renewal options and ~4% rent increases in option periods.
- Dense infill Pittsburgh location with strong population base: 20,000+ (1 mile), 140,000+ (3 miles), and 316,000+ (5 miles).
- Strong retail corridor with national tenants including ALDI, Starbucks, PNC Bank, Wingstop, and Sheetz redevelopment activity nearby.
Executive Summary
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 10,132 square foot Dollar Tree located on approximately 0.48 acres in Pittsburgh, Pennsylvania. The property is subject to a NN+ lease with Dollar Tree Stores, Inc., an investment grade tenant rated BBB by Standard & Poor’s. The lease includes more than five years remaining on the current term, with two five-year renewal options and approximately 4% rental increases in each option period, offering embedded long-term income growth. The subject property also benefits from a recently renovated interior and electrical system completed in 2021, helping minimize near-term capital expenditure requirements and reducing deferred maintenance risk.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,132 SF
Building Class
B
Year Built/Renovated
1962/1999
Price
$1,520,174
Price Per SF
$150.04
Cap Rate
7.65%
NOI
$116,293
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.48
Lot Size
0.48 AC
Parking
25 Spaces (2.47 Spaces per 1,000 SF Leased)
Frontage
117’ on Banksville Rd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Feb 2031
Dollar Tree began in 1986 as Only $1.00, building on earlier variety-store and toy-retail roots in Virginia. The company later adopted the Dollar Tree name and grew into a value retailer focused on everyday essentials, seasonal merchandise, and discovery-oriented shopping. Current offerings include housewares, cleaning supplies, candy, snacks, food, health and beauty products, toys, gifts, stationery, craft and party supplies, books, and seasonal décor. The business also sells through its digital channels, including case-pack ordering, store pickup, home delivery, and same-day local delivery from participating store locations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Feb 2031 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0036-R-00085-0000-00 | Improvements Assessment | $526,600 |
| Land Assessment | $123,400 | Total Assessment | $650,000 |
Property Taxes
Parcel Number
0036-R-00085-0000-00
Land Assessment
$123,400
Improvements Assessment
$526,600
Total Assessment
$650,000
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