222 W 8th Ave, Homestead, PA, 15120
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Key Information
Highlights
• Institutional Net Lease Profile at a Double-Digit Yield – Delivers an attractive double-digit return upon the scheduled 10% contractual rent increase effective January 1, 2027.
• ±5.5 Years of Remaining Lease Term – Provides stable, predictable cash flow with more than five years of contractual lease term remaining.
• Below Replacement Cost Basis – More than $400,000 of remaining rent provides durable income while offering the opportunity to acquire the existing building, drive-thru infrastructure, and underlying improvements at a basis well below replacement cost.
• Absolute NNN Lease Structure – Tenant is responsible for real estate taxes, insurance, structural components, repairs, and maintenance throughout the lease term, resulting in zero landlord operating responsibilities or expenses.
• Prime Greater Pittsburgh Location – Strategically located approximately 15 minutes from Downtown Pittsburgh and less than 0.5 miles from The Waterfront, a leading super-regional open-air shopping destination serving Homestead, West Homestead, Munhall, and the broader Pittsburgh MSA.
• Freestanding Drive-Thru Property with Residual Value – Existing drive-thru infrastructure, freestanding building, and functional site layout enhance the property’s long-term residual value and provide flexibility for future re-tenanting or redevelopment beyond the current lease term.
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