Big Spring Spirits - Pittsburgh, PA | 59 S 2nd St
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Big Spring Spirits - Pittsburgh, PA 59 S 2nd St
55,780 SF Retail Building Pittsburgh, PA 15219 $19,375,000 ($347/SF) 7.74% Cap Rate
Investment Highlights
- The Property is Fully Leased to Big Spring Spirits Under a 15-Year Absolute Triple Net (NNN) Lease, Featuring 2.5% Annual Rent Increases
- Big Spring Spirits is a Well-Established Tenant in the Spirits Industry, Ensuring Financial Stability and Long-Term Viability
- Big Spring Spirits is Proud to Be the First Distillery in Pennsylvania and Only the Third in the World to Achieve a Prestigious Gold Rating From LEED
- Strategically Located Along the Scenic Southside Riverfront Trail in the Vibrant Heart of Pittsburgh’s Rapidly Growing South Shore
- Big Spring Spirits is Committed to Supporting the Local Economy By Partnering With Community Farmers and Artisans
- The Parent Company Has Experienced Strong YOY Revenue and Growth, Which is a Testament to the Brand and Strength of the Lease Guaranty
Executive Summary
Sands Investment Group is Pleased to Exclusively Present For Sale the 55,780 SF Big Spring Spirits Facility in Pittsburgh, PA. The Property is Fully Leased to Big Spring Spirits on a 15-Year Absolute Triple Net* (NNN) Sale Leaseback, With 2.5% Annual Rent Increases, Providing a Stable and Appreciating Income Stream. This Offering Represents a Secure and Highly Attractive Investment Opportunity.
In Cooperation With Sands Investment Group Philadelphia, LLC - Lic. #RB069072BoR: Tom Gorman - Lic. PA #RM424383
In Cooperation With Sands Investment Group Philadelphia, LLC - Lic. #RB069072BoR: Tom Gorman - Lic. PA #RM424383
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
55,780 SF
Building Class
B
Year Built/Renovated
1856/2024
Price
$19,375,000
Price Per SF
$347
Cap Rate
7.74%
NOI
$1,500,000
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
1.28 AC
Zoning
RIV - Retail
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- 129 McKean Street, LLC
- Retailer
- 55,780 SF
- $347.07
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| 129 McKean Street, LLC | Retailer | 55,780 SF | $347.07 | - |
Walk Score ®
Very Walkable (74)
Transit Score ®
Excellent Transit (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0003-A-00080-0000-00 | Improvements Assessment | $205,400 |
| Land Assessment | $103,600 | Total Assessment | $309,000 |
PROPERTY TAXES
Parcel Number
0003-A-00080-0000-00
Land Assessment
$103,600
Improvements Assessment
$205,400
Total Assessment
$309,000
Contacts
-
Matthew Riznyk -
Nathan Smith -
Clifton McCrory -
Thomas Gorman -
Sands Investment Group Atlanta, LLC
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Big Spring Spirits - Pittsburgh, PA | 59 S 2nd St
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