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3911 William Penn Hwy 6,051 SF Retail Building Monroeville, PA 15146 $2,315,262 ($382.62/SF) 8% Cap Rate
Investment Highlights
- Double-Net (NN) Lease | Minimal Landlord Responsibilities | The lease of the subject property is double-net with limited landlord responsibilities
- Roof Replaced In 2023 | Twenty (20)-Year Warranty | The landlord is only responsible for the roof and structure of the property
- Tenant Recently Executed A Seven (7)-Year Lease | Extension | 15+ Year Operating History Men’s Wearhouse entered the space in 2010
Executive Summary
Surmount is pleased to present the exclusive listing for a Men's Wearhouse located at 3911 William Penn Highway, Monroeville, PA 15146. The site consists of roughly 6,051 rentable square feet of building space on an estimated 0.54-acre parcel of land. This Men's Wearhouse is subject to a 10-year Double Net (NN) lease, which commenced 8/1/2010. The current annual rent is $185,221 and has scheduled increases of 10.00% every 5 years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,051 SF
Building Class
C
Year Built/Renovated
1994/2010
Price
$2,315,262
Price Per SF
$382.62
Cap Rate
8%
NOI
$185,221
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.54 AC
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
- -
Men's Wearhouse began in 1973 as a men's clothing retailer and later became part of Tailored Brands, an omnichannel specialty retailer with suits, formalwear, sportswear, and business casual offerings. Men's Wearhouse serves customers through physical stores and digital channels with merchandise that includes suits, tuxedos, dress shirts, pants, shoes, accessories, and rental options for weddings, proms, and other formal events. The company's business centers on tailored clothing, occasion wear, and everyday menswear, combining retail sales with rental services and a broad assortment built around fit, styling, and complete outfit solutions.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0743-K-00293-0000-00 | Improvements Assessment | $602,200 |
| Land Assessment | $408,700 | Total Assessment | $1,010,900 |
Property Taxes
Parcel Number
0743-K-00293-0000-00
Land Assessment
$408,700
Improvements Assessment
$602,200
Total Assessment
$1,010,900
Contacts
-
Judson Kauffman -
Hannan Ben Yosef -
Matthew Sorace -
Christopher Marks -
Glen Kunofsky -
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