PNC Bank

NEC State Route 51 and Plaza Drive, Belle Vernon, PA
Deal Type:
Net Lease
Price:
$2,329,412
Cap Rate:
4.25%
Current Rent:
$99,000
Lease Type:
Ground Lease
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 20 years
Renewal Options:
Two, 5-Year Options
Rent Increases:
10% Every 5 Years
Site Size:
.94 Acres

Investment Highlights

  • Lease Structure: New 20 year ground lease with 10% rent increases every 5 years
  • Property Location: The property sits on the signalized, hard corner intersection of PA-51 and Plaza Road with over 26,000 VPD
  • Tenant Credit: The PNC (S&P A Rated) is an out-parcel to the dominant local grocer, Shop N Save and adjacent to MVH Regional Hospital, which drives tremendous traffic to the area
  • Attractive Basis: With rent at $99,000, this offers an investor the rare opportunity to acquire a PNC Bank property for under $2,500,000
  • Demographics: The property is located in Belle Vernon, PA, an affluent suburb 30 miles from downtown Pittsburgh.

Listing Agents

Jordan Shtulman

Managing Partner
847 226 4133
Jordan@stream-cp.com

Philip DiGennaro

Managing Director
203 610 1541
Phil@stream-cp.com

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