Skip to main content

Discount

Banksville Road Portfolio: Dollar Tree

2858 Banksville Rd, Pittsburgh, PA 15216

Listing Price: $4,545,725

Tenant Name
Dollar Tree
Years Remaining On Lease
9.1
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Double Net
Rent Per Square Feet
$11.91

Investment Overview

This two-property portfolio affords both new and experienced investors the opportunity to acquire high producing, securely backed net lease assets in the highly populous Pittsburgh metropolitan area. The offering subject sits on an acre of land with two separate NN+ Lease properties filling nearly 20,000 square feet on 3 parcels of land less than 5 miles from downtown Pittsburgh. Dollar Tree (BBB Credit Rating) is back by a Corporate Guarantee and has 9+ years left on the lease with a 5-year option remaining. Goodwill is backed by Goodwill of S W PA, the premier Goodwill franchisee in Pennsylvania & West Virginia. Both tenants proved resilient throughout the pandemic and expect to see continued growth with their recession proof business models.

Investment Highlights

  • NN+ Lease with 9+ years remaining and rent bumps
  • BBB Investment Grade Tenant
  • Longer Lease Term & Higher NOI Than Typical Dollar Stores

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Discount

Banksville Road Portfolio: Dollar Tree

Listing Price: $4,545,725

Tenant Name
Dollar Tree
Years Remaining On Lease
9.1
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Double Net
Rent Per Square Feet
$11.91

Investment Highlights

  • NN+ Lease with 9+ years remaining and rent bumps
  • BBB Investment Grade Tenant
  • Longer Lease Term & Higher NOI Than Typical Dollar Stores

Investment Overview

This two-property portfolio affords both new and experienced investors the opportunity to acquire high producing, securely backed net lease assets in the highly populous Pittsburgh metropolitan area. The offering subject sits on an acre of land with two separate NN+ Lease properties filling nearly 20,000 square feet on 3 parcels of land less than 5 miles from downtown Pittsburgh. Dollar Tree (BBB Credit Rating) is back by a Corporate Guarantee and has 9+ years left on the lease with a 5-year option remaining. Goodwill is backed by Goodwill of S W PA, the premier Goodwill franchisee in Pennsylvania & West Virginia. Both tenants proved resilient throughout the pandemic and expect to see continued growth with their recession proof business models.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

MM Texture Background
MM Textured Background Lower