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Shopping Community

The Tony Center

110 W McMurray Rd, Canonsburg, PA 15317

Listing Price: $2,750,000

Cap Rate
4.93%
Rentable SF
9,150
Lot Size
0.86 acres
Year Built
1998

Investment Overview

Marcus & Millichap is pleased to present for sale The Tony Center located at 110 W McMurray Road in McMurray, Pennsylvania. Located in the Greater Pittsburgh Region, which is home to 2.4 million residents, has a distinct regional identity and has historically been regarded as a transitional region within the Northeastern United States. The City of Pittsburgh has been characterized as the “northern urban industrial anchor of Appalachia”. The 9,150 square foot six-tenant plaza is situated on a 0.86-acre parcel on McMurray Road and includes a mix of internet resistant tenants. The Tony Center has provided consistent stable income with zero tenants requesting rent concessions during COVID and is positioned to strengthen over time with the ability to increase rents or lease up of the one vacant space. The area surrounding this well- kept plaza includes many national tenants such as T.J. Maxx, Giant Eagle, Walgreens, CVS, PNC Bank, Taco Bell, Citizens Bank, Five Below, Applebee’s, ALDI and Dollar Tree among others. The Tony Center located just off the corner of McMurray Road and Washington Road with a combined traffic count of has over 38,090 vehicles per day and is only 13 miles from Pittsburgh taking Washington Road north. The McMurray market provides the building and its tenants with very strong demographics. This affluent family-oriented suburb has 30,873 residents within a three-mile radius and an average household income of $139,568. In the immediate one-mile average household income increases to over $161,620.

Investment Highlights

  • Six (6) Tenant 98% Occupied Retail Strip
  • Located in Pittsburgh MSA with over 2.4 Million Residents| 13 Miles South of Pittsburgh
  • Seller Willing to Stay on to Manage the Center
  • Affluent Area | Average Household Income Exceeds $170,270

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Shopping Community

The Tony Center

Listing Price: $2,750,000

Cap Rate
4.93%
Rentable SF
9,150
Lot Size
0.86 acres
Year Built
1998

Investment Highlights

  • Six (6) Tenant 98% Occupied Retail Strip
  • Located in Pittsburgh MSA with over 2.4 Million Residents| 13 Miles South of Pittsburgh
  • Seller Willing to Stay on to Manage the Center
  • Affluent Area | Average Household Income Exceeds $170,270

Investment Overview

Marcus & Millichap is pleased to present for sale The Tony Center located at 110 W McMurray Road in McMurray, Pennsylvania. Located in the Greater Pittsburgh Region, which is home to 2.4 million residents, has a distinct regional identity and has historically been regarded as a transitional region within the Northeastern United States. The City of Pittsburgh has been characterized as the “northern urban industrial anchor of Appalachia”. The 9,150 square foot six-tenant plaza is situated on a 0.86-acre parcel on McMurray Road and includes a mix of internet resistant tenants. The Tony Center has provided consistent stable income with zero tenants requesting rent concessions during COVID and is positioned to strengthen over time with the ability to increase rents or lease up of the one vacant space. The area surrounding this well- kept plaza includes many national tenants such as T.J. Maxx, Giant Eagle, Walgreens, CVS, PNC Bank, Taco Bell, Citizens Bank, Five Below, Applebee’s, ALDI and Dollar Tree among others. The Tony Center located just off the corner of McMurray Road and Washington Road with a combined traffic count of has over 38,090 vehicles per day and is only 13 miles from Pittsburgh taking Washington Road north. The McMurray market provides the building and its tenants with very strong demographics. This affluent family-oriented suburb has 30,873 residents within a three-mile radius and an average household income of $139,568. In the immediate one-mile average household income increases to over $161,620.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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