Log In/Sign Up
Your email has been sent.
Goodwill | Pittsburgh, PA 2866 Banksville Rd 9,000 SF 100% Leased Retail Building Pittsburgh, PA 15216 $2,635,990 ($292.89/SF) 6.75% Cap Rate
Investment Highlights
- Long-term occupancy by Goodwill of Southwestern Pennsylvania, with lease extended in 2025, reinforcing tenant commitment since at least 2007.
- Built-in rent escalations including a 3.17% increase in 2027 and at least 2% annual increases thereafter.
- Strong surrounding retail corridor with national tenants including ALDI, Starbucks, PNC Bank, Wingstop, and Sheetz redevelopment nearby.
- Creditworthy regional nonprofit tenant with 35+ locations and over $77M in annual revenue.
- High-visibility location on Banksville Road (26,000+ VPD), less than 4 miles from Downtown Pittsburgh.
- Strong demographics with average household incomes exceeding $102,000 across the 1-, 3-, and 5-mile trade areas.
Executive Summary
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 9,000 square foot Goodwill of Southwestern Pennsylvania located on approximately 0.55 acres in Pittsburgh, Pennsylvania. Goodwill of Southwestern Pennsylvania operates more than 30 locations across Pennsylvania and West Virginia and generated over $82 million in revenue in 2023, demonstrating a strong and scalable operating platform. The tenant has been at this location since at least 2007 and most recently extended its lease in 2025, further reinforcing long-term commitment to the site.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,000 SF
Building Class
B
Year Built/Renovated
1962/2001
Price
$2,635,990
Price Per SF
$292.89
Cap Rate
6.75%
NOI
$177,929
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.55 AC
Zoning
Commercial - Commercial
Parking
22 Spaces (2.44 Spaces per 1,000 SF Leased)
Frontage
134’ on Banksville Rd
Amenities
- Freeway Visibility
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Oct 2030
Goodwill began in 1902 as a nonprofit movement built around collecting donated goods, repairing usable items, and using resale revenue to support people seeking work. Today, Goodwill operates as a network of community-based organizations that provide job training, employment placement services, and other programs for people facing barriers to employment. The organization uses donated-goods retail to fund local mission services, combining thrift operations with workforce development and community support. Goodwill's work spans employment readiness, skills-building, and reinvestment in local communities through its affiliated nonprofit model.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Oct 2030 |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $521,200 | |
| Land Assessment | $130,200 | Total Assessment | $651,400 |
Property Taxes
Parcel Numbers
Land Assessment
$130,200
Improvements Assessment
$521,200
Total Assessment
$651,400
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
