Cap Rate: 6.50%
Net Operating Income: $175,000
Lot Size: 1.38 AC
Year Built: 1987
The Kase Group is pleased to present a fully leased building in North Versailles, Pennsylvania. The brand new 10 year lease is absolute NNN with no landlord responsibilities. The tenant has increases in rent of 10% every five years at each option. The subject property is located at the intersection of Routes 30 & 48. The site benefits from heavy traffic counts of over 18,000 VPD. The building is also situated nearby major national retailers like Aldi, Denny’s, KMART, Burger King, and The Home Depot.
North Versailles is bordered by the Monongahela River to the west, Turtle Creek to the west and north, North Huntingdon and Westmoreland County to the east, and the city of McKeesport and the borough of White Oak to the south. The township surrounds East McKeesport, Wilmerding, and Wall.
The Lincoln Highway, US Route 30, traverses North Versailles and on its western border crosses the Turtle Creek valley via the George Westinghouse Bridge into East Pittsburgh.
Other highways in the township include PA 48 (Jack’s Run Road/Mosside Boulevard—the Orange Belt) and PA 148 (Fifth Avenue Extension—the Yellow Belt). In addition to Routes 48 and 148, Greensburg Pike Section 2 and the East Pittsburgh McKeesport Boulevard provide access to the Tri Boro Expressway.