Retail    

Babcock Square

 Pittsburgh, PA

Asking Price

$3,100,000

Cap Rate

8.50%

Icons_Occupancy-Icon

Current Occupancy

100%

Icons_Population-Icon

Premier

Demographics

Icons_Retail

Building SF

15,611 SF

Icon_LocationPin-01

Outstanding Location

Superb Market

Icons_Stars

2023 Renovations

New Roof & TI

For more details on this exclusive listing

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.

INVESTMENT HIGHLIGHTS

  • 100% Occupancy
    The property is currently 100% occupied by a mix of local needs-based retailers.
  • Outstanding Location
    The property is located in a strong retail corridor with high occupancy and superb demographics. The North Pittsburgh/Rte 19 submarket features superb retail market fundamentals with a vacancy rate of just 1.9%, lower than the overall Pittsburgh market of 4.4%.
  • Premier Market Demographics
    The property features outstanding demographics with a population of 162K+ within a five-mile radius with an average household income of $112K+.
  • New Roof & Recent TI Invested
    The building roof was replaced in 2023 and comes with a warranty. Work has been performed in a number of the tenants' spaces which includes light carpentry work and ceiling replacement. The new roof and TI investment reduces the risk of near term capital expenditure.
  • Conveniently Located
    The property sits along a leading retail strip next to the busy McKnight Road Retail Corridor with a number of national leading retailers including Aldi, Nordstrom, H&M, The Home Depot, BJ’s Wholesale Club, Apple, Giant Eagle Supermarket, At Home, McDonald’s and many more.

Exclusively Listed By

Asher Wenig

Senior Vice President
  awenig@northmarq.com      847.571.3999
PA Lic. #ABR004406

Northmarq

180 Madison Avenue | Suite 1500
New York City, NY 10016


northmarq.com