2950 Penn Ave

• Investment-Grade Tenant – CollisionRight acquired City Collision in 2021 and executed a 10-year lease with two (2) five-year extension options.
• Attractive Rent Increases – Lease includes 2.5% annual rent escalations, providing predictable long-term income growth.
• Limited Landlord Responsibilities – Structured as NN+, with landlord responsibility limited to roof and structure, making it an ideal passive, out-of-state investment.
• High-Visibility Location – Strategically positioned in the heart of Downtown Pittsburgh with strong daily traffic exposure.
• High-Growth Trade Area – The surrounding 5-mile radius exceeds 350,000 residents, with double-digit population growth within a 1-mile radius.
• Significant Nearby Development – Over 520 new residential units announced in August 2025 within a half-mile of the property, further strengthening local demand.
• Rapidly Expanding Tenant – Backed by private equity, CollisionRight is one of the fastest-growing MSOs in the U.S., operating 100+ locations with continued regional expansion.
• Urban Infill Advantage – Dense traffic patterns and complex intersections drive higher accident frequency and consistent insurance-directed repair demand. Limited zoning, high land costs, and scarce industrial parcels create durable barriers to entry.
• Purpose-Built Collision Facility – Specialized build-out includes full paint system, structural repair, and advanced calibration capabilities. High replacement cost and technical requirements enhance tenant stickiness and reduce functional obsolescence.
• Embedded Residential Growth – Over 520 new residential units delivered nearby, increasing vehicle density and supporting sustained collision repair demand within the immediate trade area.