Wexford, PA

Price: $ 5,030,303
CAP Rate: 8.25%
NOI: $ 415,000
Lease Term Remaining Before Options: 7 Years, 11 Months
Investment Highlights
  • Within a 3-mile radius, the average household income is $125,775 and the population is 112,336 residents in a 5-mile radius.
  • Just 11 miles northwest of Downtown Pittsburgh, a metropolitan area with a population of over 2.5 million residents.
  • Subject property sits adjacent to Pine Creek Shopping center anchored by Target and 4.3 million square feet of retail space in a 3-mile radius.
  • UPMC Passavant-McCandles Hospital with ±400 beds and ±400 physicians is 2 miles southeast.
  • Directly across from a 182-bed senior rehabilitation facility and within 3 miles of 13 other senior housing/nursing facilities.
Offering Summary

We are pleased to market for sale the Walgreens property located at 30 Pine Creek Road in Wexford, Pennsylvania ("The Property"). Walgreens has been successfully operating at this location for 17 years and has just under 8 years of firm term remaining before option periods on an absolute net lease with no landlord obligations whatsoever.


This opportunity allows investors to purchase a high-yield Walgreens asset in a dense and affluent suburb of Pittsburgh. The Property is the only freestanding Walgreens store in a 5-mile radius. Within the 5-mile radius of the Property, over 115,000 residents are supporting an average household income of $128,700.


Located in an active medical trade area, the Property benefits from being one of the closest pharmacies to multiple medical institutions. Directly across the street from the Property is Wexford Healthcare Center, a 182-bed senior rehabilitation facility, part of the larger CommuniCare network. Located 2 miles southeast of the Property, UPMC Passavant McCandless Hospital has over 400 beds and employs over 400 full-time medical professionals. There are 13 additional senior housing facilities within 3 miles of the property, all providing customers for the Property's pharmacy.


The Property sits adjacent to the Pine Creek Shopping Center anchored by Target, Giant Eagle Supermarket, and Planet Fitness and benefits from the center's highly visible location off US Highway 19 (21,000 VPD). Situated in a 3-mile radius with over 4.3 million square feet of retail space, the Property sees consumer spending from a larger trade radius.

Price: $ 5,030,303
CAP Rate: 8.25%
NOI: $ 415,000
Lease Term Remaining Before Options: 7 Years, 11 Months