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Sherwin-Williams- Pittsburgh, PA 3479 Babcock Blvd 6,200 SF 100% Leased Retail Building Pittsburgh, PA 15237 $1,400,000 ($225.81/SF) 7.21% Cap Rate
Investment Highlights
- Sherwin-Williams has operated from this location since 1997, demonstrating nearly 3 decades of continuous occupancy.
- The roof was fully replaced in 2024 and is backed by a 20-year warranty, significantly reducing near-term capital expenditure requirements.
- North Hills Kitchen & Bath recently recommitted to the property with a new lease extending through March 2029.
- Situated on Babcock Boulevard in Pittsburgh's North Hills submarket, the property benefits from strong traffic counts.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 6,200 SF Sherwin-Williams Anchored Strip Center located at 3479 Babcock Blvd in Pittsburgh, PA. This investment is anchored by Sherwin-Williams, a Fortune 500 tenant that has successfully operated at the property since 1997, providing long-term stability with a lease extending through 2029 and a pre-negotiated renewal option through 2034. The asset is further strengthened by a recently executed long-term lease with North Hills Kitchen & Bath featuring annual rent escalations, creating built-in NOI growth and reducing near-term leasing risk.
In Cooperation With Sands Investment Group Pennsylvania, LLC - Lic. PA #RB069072 - BoR: Tom Gorman - Lic. PA #RM424383
In Cooperation With Sands Investment Group Pennsylvania, LLC - Lic. PA #RB069072 - BoR: Tom Gorman - Lic. PA #RM424383
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,200 SF
Building Class
B
Year Built/Renovated
1998/2004
Price
$1,400,000
Price Per SF
$225.81
Cap Rate
7.21%
NOI
$100,968
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.83 AC
Zoning
C - Small detached retail
Parking
20 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
114’ on Babcock Blvd
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- North Hills Kitchen And Bath
- Retailer
- 1,200 SF
- $21.00
- Double Net
- Mar 2029
- Sherwin-Williams
- Retailer
- 5,000 SF
- $16.74
- Triple Net
- Feb 2029
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| North Hills Kitchen And Bath | Retailer | 1,200 SF | $21.00 | Double Net | Mar 2029 | |
| Sherwin-Williams | Retailer | 5,000 SF | $16.74 | Triple Net | Feb 2029 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0517-P-00096-0000-00 | Improvements Assessment | $503,100 |
| Land Assessment | $98,600 | Total Assessment | $601,700 |
Property Taxes
Parcel Number
0517-P-00096-0000-00
Land Assessment
$98,600
Improvements Assessment
$503,100
Total Assessment
$601,700
Contacts
-
Cade Hohl -
Clayton Coassin -
Bryce Pugh -
Gary Berwick -
Sands Investment Group, NC
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Sherwin-Williams- Pittsburgh, PA | 3479 Babcock Blvd
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