We are pleased to present a long established Applebee's location, operated by the largest Applebee's franchisee. Investment Highlights: - Single tenant, freestanding, absolute NNN lease. Zero landlord responsibilities. - Lease ends Oct. 2019 (4 years, 7 months remaining). No options, considerable upside. - Very low rent to sales ratio, under 5%. - 5,000 SF at $15 psf/yr. Current rents at market, upside value with new lease. - Tenant is Apple American Group. The largest Applebee' s franchisee with circa 470 stores. - Recently renovated Q4 2014. Extensive interior and exterior work. - 25 years at this location, since 1989.
- Lease term is guaranteed 15 years with 3 Five year options with a 10% rent increase in each option period - Rent commences May 2015 - Term yield of 6.5% - 10,640 SF building 100% leased to nation's number one small box discount retailer, Dollar General - All masonry finish construction - 38 parking stalls - Standing Seam Metal roof
10 Acres of Vacant Land - 4 acres are zoned residential and located adjacent to Bear Run Condominiums; 6 acres are zoned commercial with 800 foot footage facing Mt. Nebo Road. High visibility to 8900+ vehicles daily travelling Interstate 79. Owner is willing to subdivide. So many possibilities await this land which is easily accessible to Interstates 79 & 279; Highway #376 and Route 51.
Two acres vacant land on signalized intersection . Prime location on main artery in the South Hills. Fairly level on 75% of land. Superb development opportunity.
3 store front buildings located in small industrial park; lot size is 200 X 119
Commercial Storefront (can be used as an apartment also), two 3- bedroom units and one 2-bedroom unit. All utilities are separated. Long term tenants. Newly remodeled and updated including newer windows, upgraded mechanicals and wall to wall carpeting. Two car detached garage located at rear of building. On-street parking.
3 Unit Apartment building located in the 30th Ward of the City of Pittsburgh. Newly remodeled units include furnished kitchens, newer windows, and updated mechanicals. Two units have two bedrooms and one unit has three bedrooms. Tenants pays electric and gas/ landlord pays water and sewage. Long term tenants.
Quiet 13 unit building located on side street and 100 yards from bus stop. Three units are efficiencies and 10 units have 1 bedroom. All units equipped with stove and refrigerator and wall to wall carpeting. Secured entrance with building attendant on site. Basement includes some storage and coin-op laundry. On-street and off-street parking as well as 4-6 parking spaces in rear of building. All units are electric (heat, A/C, and stove) separately metered.
Three storefront buildings with 6 apartments above and behind. Current storefronts consist of a barber shop complete with sinks & mirrors and two retail/office storefronts. Apartments 2 Unit apt. building has one 3 bedroom apartment w/private entrance & patio, and 1 two bedroom apt. w/private entrance and porch. 3 Unit apartment building has 2 one bedroom apts w/private entrance and 1 two bedroom apt w/private entrance.
The 150 Thorn Hill Dr. property is an extremely well-maintained 440,160 SF industrial distribution facility featuring 6 reinforced concrete floors, ceiling heights to 40' , heavy dual-source power with backup generator, ESFR sprinklers, full climate control in the warehouse, T-8 lighting, and 35 truck docks. Additional features include 45,600 SF of modern first floor office space, 32,000 SF of mezzanine open office, and a full-service 200 person cafeteria. The site consists of approximately 23.5 acres and provides parking for 444 autos and 36 trailer drops with dolly pad available on contiguous lot.