Mixed Use Building (6-Tenant) | Pittsburgh MSA

110 W McMurray Rd, McMurray, PA 15317, USA
$2,750,000

Description

Marcus & Millichap is pleased to present for sale The Tony Center located at 110 W McMurray Road in McMurray, Pennsylvania. Located in the Greater Pittsburgh Region, which is home to 2.4 million residents, has a distinct regional identity and has historically been regarded as a transitional region within the Northeastern United States. The City of Pittsburgh has been characterized as the “northern urban industrial anchor of Appalachia”.
The 9,150 square foot six-tenant plaza is situated on a 0.86-acre parcel on McMurray Road and includes a mix of internet resistant tenants. The Tony Center has provided consistent stable income with zero tenants requesting rent concessions during COVID and is positioned to strengthen over time with the ability to increase rents or lease up of the one vacant space. The area surrounding this well- kept plaza includes many national tenants such as T.J. Maxx, Giant Eagle, Walgreens, CVS, PNC Bank, Taco Bell, Citizens Bank, Five Below, Applebee’s, ALDI and Dollar Tree among
others.
The Tony Center located just off the corner of McMurray Road and Washington Road with a combined traffic count of has over 38,090 vehicles per day and is only 13 miles from Pittsburgh taking Washington Road north. The McMurray market provides the building and its tenants with very strong demographics. This affluent family-oriented suburb has 30,873 residents within a three-mile radius and an average household income of $139,568. In the immediate one-mile average household income increases to over $161,620.

  • Six (6) Tenant 98% Occupied Retail Strip
  • Located in Pittsburgh MSA with over 2.4 Million Residents| 13 Miles South of Pittsburgh
  • Adjacent PNC Bank with $627.9M in Deposits, Citizens Bank Across Street with $443.8M in Deposits
  • Affluent Area | Average Household Income Exceeds $170,270
  • 25,310 Vehicles Per Day on Washington Road
  • Minimal Landlord Expenses | All Tenants Reimburse Real Estate Taxes, Maintenance and Insurance Making it an Attractive Investment for a Passive Investor
  • No Concessions Requested During COVID
  • New Gutters Recently Installed
  • Seller Willing to Stay on to Manage the Center

Property Documents

  • The-Tony-Center-McMurray-PA-om-ib
  • City: McMurray
  • State/county: Pennsylvania
  • Zip/Postal Code: 15317
  • Country: United States

Detail

  • Price: $2,750,000

Additional details

  • CAP RATE: 4.93%
  • NOI: $135,467

Features

Video

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