2055 Old Washington Pike, Carnegie, PA 15106
14,550 SF | Retail Building | Carnegie, PA 15106 | $5,973,333 ($411/SF) | 7.50% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 13 days
Asking Price $5,973,333
- Property Type
-
Retail
- Square Feet
- 14,550 SF
- Price / Square Foot
- $411
Listing Contacts
Jason Pongsrikul
Verified Profile
Chris Barry
Verified Profile
- Property Info
Property Overview
We are pleased to market for sale the Walgreens property located at 2055 Old Washington Pike in Carnegie, Pennsylvania ("The Property"). Walgreens has been successfully operating at this location for 16 years and has 9.5 years of firm term remaining before 10 (5-year) option periods on an absolute net lease with no landlord obligations whatsoever.
The Property benefits from being just 8 miles from downtown Pittsburgh in a dense and affluent residential area. There are over 82,000 residents in a 3-mile radius that supports an average household income of $107,000. Located adjacent to Interstate 79, the Property is accessible to the 50,000+ vehicles per day commuting into downtown Pittsburg for work and recreation.
Surrounded by over 4.9 million square feet of retail space in a 3-mile radius, the Property is situated in one of the major retail hubs south of Pittsburg. The Property sits adjacent to the Raceway Plaza South Center anchored by Lowes Home Improvement, Walmart, and Shop 'n Save and is a major consumer spending location for the over 36,000 households in the 3-mile radius.
The Property serves as the closest Walgreens location for multiple medical institutions. Located 2 miles southeast of the Property, St Clair Hospital, has 329 beds and over 3,100 medical professionals, and Concordia of the South Hills, a full-service assisted living facility with over 242 living units and beds, provides a steady customer base for the Property's pharmacy.
Listed in conjunction with Brian Brockman, Bang Realty, 513.898.1551, [email protected], PA DRE Lic. RM432816
The Property benefits from being just 8 miles from downtown Pittsburgh in a dense and affluent residential area. There are over 82,000 residents in a 3-mile radius that supports an average household income of $107,000. Located adjacent to Interstate 79, the Property is accessible to the 50,000+ vehicles per day commuting into downtown Pittsburg for work and recreation.
Surrounded by over 4.9 million square feet of retail space in a 3-mile radius, the Property is situated in one of the major retail hubs south of Pittsburg. The Property sits adjacent to the Raceway Plaza South Center anchored by Lowes Home Improvement, Walmart, and Shop 'n Save and is a major consumer spending location for the over 36,000 households in the 3-mile radius.
The Property serves as the closest Walgreens location for multiple medical institutions. Located 2 miles southeast of the Property, St Clair Hospital, has 329 beds and over 3,100 medical professionals, and Concordia of the South Hills, a full-service assisted living facility with over 242 living units and beds, provides a steady customer base for the Property's pharmacy.
Listed in conjunction with Brian Brockman, Bang Realty, 513.898.1551, [email protected], PA DRE Lic. RM432816
Property Details
- Class
- B
- Year Built
- 2008
- Stories
- 1
- Property Subtype
- Drug Store, Grocery/Convenience Store, Freestanding, Storefront
- Lot Size (sq. ft)
- 88,427 SF
Highlights
- Within a 3-mile radius, the average household income is $107,055 and the population is 203,469 residents in a 5-mile radius.
- Just 8 miles southwest of Downtown Pittsburgh, a metropolitan area with a population of over 2.5 million residents.
- Property sits adjacent to Raceway Plaza South anchored by Walmart and Lowe's and within 4.9 million square feet of retail space in a 3-mile radius.
- Located 2 miles southeast is St. Clair Hospital with 329 beds and 3,100 medical staff and employees and part of Mayo Clinic Care network.
- Concordia of the South Hills is an assisted living facility with 126 units, 104 beds and 12 memory care beds located 2 miles SW.
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