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Dollar Tree & O'Reilly

937 Ohio Ave, Glassport, PA 15045

Listing Price: $2,550,000

Cap Rate
6.32%
Gross SF
20,214
Rentable SF
20,214
Price/Gross SF
$126.15
Rent Per Square Feet
$7.98

Investment Overview

Marcus & Millichap is pleased to present the offering for the Dollar Tree and OReilly Auto Parts located at 937 Ohio Avenue, Glassport, PA 15045. Renovated in 2016, the property sits on +/- 0.70 acres and consists of a 20,214 square-foot building one hundred-(100%) percent occupied by Dollar Tree and OReilly Auto Parts. OReilly has with twelve-(12) years remaining and Dollar Tree has six-(6) years remaining on triple-net lease, leaving the landlord with minimal responsibilities including roof and structure. The net operating income is $161,284.

Investment Highlights

  • Long-Term Triple-Net Lease Investment | Minimal Landlord Responsibilities
  • Low In-Place Rents for Newer Construction | DT pays $10 PSF and OReilly pays $6 PSF
  • Investment Grade Credit Tenants | Dollar Tree and OReillys S&P Credit Rating: BBB
  • Located on Hard Corner off Broadway & Ohio Ave With Access & Exposure to 6,300+ VPD
  • Proximity to Jefferson Regional Medical Center with 400+ Doctors & 330+ Beds
  • 126,200+ Population | Average Household Income Exceeds $66,700+ within 5-Miles

Broker of Record

  • Sean Beuche

    Regional Manager

    License(s): PA: RM424190

    Pennsylvania

Listing Price: $2,550,000

Cap Rate
6.32%
Gross SF
20,214
Rentable SF
20,214
Price/Gross SF
$126.15
Rent Per Square Feet
$7.98

Investment Highlights

  • Long-Term Triple-Net Lease Investment | Minimal Landlord Responsibilities
  • Low In-Place Rents for Newer Construction | DT pays $10 PSF and OReilly pays $6 PSF
  • Investment Grade Credit Tenants | Dollar Tree and OReillys S&P Credit Rating: BBB
  • Located on Hard Corner off Broadway & Ohio Ave With Access & Exposure to 6,300+ VPD
  • Proximity to Jefferson Regional Medical Center with 400+ Doctors & 330+ Beds
  • 126,200+ Population | Average Household Income Exceeds $66,700+ within 5-Miles

Investment Overview

Marcus & Millichap is pleased to present the offering for the Dollar Tree and OReilly Auto Parts located at 937 Ohio Avenue, Glassport, PA 15045. Renovated in 2016, the property sits on +/- 0.70 acres and consists of a 20,214 square-foot building one hundred-(100%) percent occupied by Dollar Tree and OReilly Auto Parts. OReilly has with twelve-(12) years remaining and Dollar Tree has six-(6) years remaining on triple-net lease, leaving the landlord with minimal responsibilities including roof and structure. The net operating income is $161,284.

Broker of Record

  • Sean Beuche

    Regional Manager

    License(s): PA: RM424190

    Pennsylvania

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