Investment Overview

Marcus & Millichap is pleased to present a premier multi-tenant retail investment opportunity in the affluent Bethel Park suburb of Pittsburgh, Pennsylvania. The subject property, located at 1680 Washington Road, sits along the market’s primary retail corridor—with traffic counts exceeding 44,000 VPD. Constructed in 2010, the center has 23,143 SF of GLA on 1.85 acres, featuring exceptional visibility, 2 access points for ingress/egress & 106 parking spaces. A key strength of this opportunity is its flexibility. Investors may acquire the property as a complete retail center or as separate individual pieces. The three-tenant portion is occupied by Beal Bank, Great Clips, and Treasure Hunt—providing a diverse tenant mix. Additionally, two national credit tenants, Ethan Allen and Fidelity Investments, each occupy their own portion of the building, delivering institutional-grade stability. All tenants are subject to net lease structures with scheduled rent escalations, ensuring inflation protection. The property benefits from a prime location just eight miles south of downtown Pittsburgh, in one of the metro’s most affluent communities. The Bethel Park trade area is home to exceptional demographics, with median household incomes surpassing $131,000 in a 2 MI radius and over 71% of residents holding a bachelor’s degree or higher. The corridor is a well-established retail destination surrounded by top-tier national retailers, including Trader Joe’s, Fresh Market, and the Galleria at Mt. Lebanon Mall to the north, as well as Village Square and South Hills Village Mall to the south, anchored by Target, Macy’s, Dick’s Sporting Goods, Whole Foods, Best Buy, and The Home Depot. This concentration of national brands supports consistent traffic and reinforces the subject property’s long-term viability. Pittsburgh’s broader metro economy continues to demonstrate steady growth and diversification. The region reported a 1.8% year-over-year increase in nonfarm employment as of mid-2025, driven by key sectors such as education and healthcare services (up 4.9%), professional services (up 1.7%), and financial activities (up 1.8%). The metro population has expanded to 2.44 million, while unemployment remains low at 3.9%, below the national average. This economic resilience, combined with the property’s tenant mix and location in a high-income suburban market, underscores its strength as a passive, inflation-protected investment opportunity.