INVESTMENT HIGHLIGHTS
• | Brand new 20-year lease with 2 option periods to extend in 2021 |
• | 10% rental increases every 5 years throughout the initial term and option periods |
• | Signed by JPMorgan Chase Bank, N.A. (S&P: A+) |
• | One of the world’s leading financial institutions with over $3.66 Trillion in assets as of 2022 |
• | Ideally situated as an outparcel to Bethel Park Shopping Center (248K+ SF) anchored by Walmart and Giant Eagle | The highest nationally visited within their chain with 14.74 and 13.02 visits per SF |
• | Additional nearby national/credit tenants including The Home Depot, AMC Theaters, Kohl’s, ALDI, AutoZone, Target, and Petco |
• | 1.5 miles southeast of South Hills Village (1.1M SF) with 130 specialty retails that attracts 8.5 million shopper visits annually |
• | Strategically located along Library Road (15,200 VPD) |
• | Quick 25-minute drive into Downtown Pittsburgh via U.S. Highway 19 (29,100 VPD) |
• | More than 243,700 residents and 88,600 employees in the 5-mile trade area | AHHI $105,641 and $115,253 in 1 and 5 miles of the subject |
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