Department Store
Kohl's | Corporate Guarantee | 28+ Year Occupancy History | Premier Pittsburgh MSA Retail Corridor
3624 William Penn Hwy, Monroeville, PA 15146
Listing Price: $13,950,000
Cap Rate
9.00%
Tenant Name
Kohl's
Years Remaining On Lease
2.3
Guarantor
Corporate Guarantee
Rentable SF
93,000
Lease Type
Double Net
Rent Per Square Feet
$13.50
Investment Overview
Marcus & Millichap is pleased to present a Kohl's located in Monroeville, PA (Pittsburgh MSA).
Kohl's | Corporate Guarantee | 28+ Year Occupancy History | Premier Pittsburgh MSA Retail Corridor
Investment Highlights
- Corporate-Guaranteed Kohl's Lease (NYSE: KSS)
- 28+ Year Operating History with Continued Commitment and 2022 Roof Replacement
- Attractive Nine Percent Going-In Yield with Contractual Rent Growth and Percentage Rent Upside
- Adjacent to Monroeville Mall | Acquired by Walmart in 2025
- Premier Retail Corridor | Pittsburgh MSA Location
- 9.54-Acre Site | Below-Market Rent and Below Replacement Cost
Broker of Record
-
Timothy B. Stephenson Jr
Managing Director, Market Leader - Philadelphia
Financing By
Department Store
Kohl's | Corporate Guarantee | 28+ Year Occupancy History | Premier Pittsburgh MSA Retail Corridor
Listing Price: $13,950,000
Cap Rate
9.00%
Tenant Name
Kohl's
Years Remaining On Lease
2.3
Guarantor
Corporate Guarantee
Rentable SF
93,000
Lease Type
Double Net
Rent Per Square Feet
$13.50
Investment Highlights
- Corporate-Guaranteed Kohl's Lease (NYSE: KSS)
- 28+ Year Operating History with Continued Commitment and 2022 Roof Replacement
- Attractive Nine Percent Going-In Yield with Contractual Rent Growth and Percentage Rent Upside
- Adjacent to Monroeville Mall | Acquired by Walmart in 2025
- Premier Retail Corridor | Pittsburgh MSA Location
- 9.54-Acre Site | Below-Market Rent and Below Replacement Cost
Investment Overview
Marcus & Millichap is pleased to present a Kohl's located in Monroeville, PA (Pittsburgh MSA).
Broker of Record
-
Timothy B. Stephenson Jr
Managing Director, Market Leader - Philadelphia
Financing By
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