722-724 Brookline Blvd , Pittsburgh, PA for sale

Investment Overview

SVN Three Rivers Commercial Advisors is pleased to present 722-724 Brookline Boulevard, a 2-unit retail investment property in the heart of the Brookline business district in Pittsburgh’s South Hills. The building is anchored by the Pennsylvania Liquor Control Board’s Fine Wine & Good Spirits store. The property has 30 feet of frontage on Brookline Boulevard, which carries about 12,700 vehicles per day, and includes 3 off-street surface parking spaces. Backed by a state government tenant with a 60 year history at this location, the asset offers investors stable, low-management income in an established neighborhood retail corridor.

Investment Highlights

• State-Agency Anchor Tenant: Fine Wine & Good Spirits (PLCB), a Commonwealth of Pennsylvania tenant
• 100% Occupied Retail Investment
• Strong In-Place Income: NOI of $43,391 at an 8.0% cap rate
• Low Expense Load: total operating expenses of about $6,950 per year
• Main Street Exposure: 30' of frontage on Brookline Blvd with about 12,700 vehicles per day
• Off-Street Parking: 3 surface spaces, rare for the Brookline business district