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Shopping Neighborhood

The Krebs Center

3515 Washington Rd, Canonsburg, PA 15317

Listing Price: $6,550,000

Cap Rate
6.40%
Rentable SF
21,521
Lot Size
3.80 acres
Year Built
2022

Investment Overview

Marcus & Millichap is pleased to present for sale Krebs Center located at 3515 Washington 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 21,521 square foot eighteen-tenant plaza is situated on 3.8-acre parcel with roughly 735 feet of frontage on Washington Road includes a mix of medical, beauty, automotive, and fitness tenants among others. Krebs 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 remaining 5 percent of vacant space. The area surrounding this well- kept plaza includes many national tenants such as Dunkin, Arby’s, Wendy’s, Goodwill, National Tire & Battery, McDonald’s, Bob Evans as well as a string of five major car dealerships. Krebs Center located on Washington Road has over 25,310 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 32,342 residents within a three-mile radius and an average household income of $152,735. In the immediate one-mile average household income increases to over $170,000.

Investment Highlights

  • Eighteen (18) Tenant 95% Occupied Retail Center
  • Located in Pittsburgh MSA with over 2.4 Million Residents| 13 Miles South of Pittsburgh
  • Large 3.8-Acre Parcel
  • Minimal Landlord Expenses | All Tenants Reimburse Real Estate Taxes, Maintenance and Insurance Making it an Attractive Investment for a Passive Investor

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Shopping Neighborhood

The Krebs Center

Listing Price: $6,550,000

Cap Rate
6.40%
Rentable SF
21,521
Lot Size
3.80 acres
Year Built
2022

Investment Highlights

  • Eighteen (18) Tenant 95% Occupied Retail Center
  • Located in Pittsburgh MSA with over 2.4 Million Residents| 13 Miles South of Pittsburgh
  • Large 3.8-Acre Parcel
  • Minimal Landlord Expenses | All Tenants Reimburse Real Estate Taxes, Maintenance and Insurance Making it an Attractive Investment for a Passive Investor

Investment Overview

Marcus & Millichap is pleased to present for sale Krebs Center located at 3515 Washington 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 21,521 square foot eighteen-tenant plaza is situated on 3.8-acre parcel with roughly 735 feet of frontage on Washington Road includes a mix of medical, beauty, automotive, and fitness tenants among others. Krebs 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 remaining 5 percent of vacant space. The area surrounding this well- kept plaza includes many national tenants such as Dunkin, Arby’s, Wendy’s, Goodwill, National Tire & Battery, McDonald’s, Bob Evans as well as a string of five major car dealerships. Krebs Center located on Washington Road has over 25,310 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 32,342 residents within a three-mile radius and an average household income of $152,735. In the immediate one-mile average household income increases to over $170,000.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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