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978 Greentree Rd
Pittsburgh, PA 15220
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Proximity to Regional Thoroughfare
- High Barriers to Entry
- Stable Tenant with Corporate Guarantee
- Rental Increases
- Excellent Demographics
EXECUTIVE SUMMARY
CBRE, as exclusive agent for Owner, is pleased to present the opportunity to acquire the Chipotle (the “Property”) located at 978 Greentree Road in Pittsburgh, PA. Chipotle offers an investor the opportunity to acquire a single tenant, net-lease asset that is directly adjacent to I-376, one of the Pittsburgh region’s most prominent east-west thoroughfares.
Chipotle is a 2,842 SF restaurant at a hard corner on Greentree Road with an average daily traffic count of 18,000+. The demographics within a 3-mile ring are impressive with a population of 132,000+ and an average household income of $101,733. The Property is less than 2 minutes off the Greentree exit on I-376, which boasts a traffic count of 88,000+ vehicles per day. Further, the Chipotle is 4 minutes from Parkway Center (590,000+ SF office complex) and 6 minutes from Foster Plaza (730,000+ SF office complex), providing a built-in customer base.
Chipotle is a 2,842 SF restaurant at a hard corner on Greentree Road with an average daily traffic count of 18,000+. The demographics within a 3-mile ring are impressive with a population of 132,000+ and an average household income of $101,733. The Property is less than 2 minutes off the Greentree exit on I-376, which boasts a traffic count of 88,000+ vehicles per day. Further, the Chipotle is 4 minutes from Parkway Center (590,000+ SF office complex) and 6 minutes from Foster Plaza (730,000+ SF office complex), providing a built-in customer base.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,200 SF
Building Class
C
Year Built
1994
Price
$2,400,000
Price Per SF
$750
Cap Rate
5.21%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.44 AC
Frontage
55’ on Greentree Rd
PROPERTY TAXES
| Parcel Number | 0017-J-00290-0000-00 | Improvements Assessment | $529,200 |
| Land Assessment | $295,800 | Total Assessment | $825,000 |
PROPERTY TAXES
Parcel Number
0017-J-00290-0000-00
Land Assessment
$295,800
Improvements Assessment
$529,200
Total Assessment
$825,000
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