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94 Tarentum Bridge Rd
New Kensington, PA 15068
Harbor Freight Tools - Riverview Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rental Increases
- Master Planned Redevelopment
- Built-In Trade Demand
- High Barriers to Entry
- Dense Retail Trade Area
- Proximity to Rooftops
EXECUTIVE SUMMARY
CBRE, as exclusive agent for Owner, is pleased to present the opportunity to acquire the Harbor Freight located at 94 Tarentum Bridge Road, New Kensington, PA 15068 (the “Property”). The new construction, 15,750 SF build-to-suit, offers a 15+ year term, with 10% +/- rental increases every 5 years through the initial term and the 3 x 5-year renewal options.
Harbor Freight is strategically positioned in the Tarentum Bridge Road retail corridor of New Kensington, PA. Tarentum Bridge road sees 30,000+ ADT, and serves and the major connector to Route 28 (41,000+ ADT) and Route 56 (16,000+ ADT). Harbor Freight is part of a master planned redevelopment including Aldi, Starbucks and a proposed national QSR. Additional tenancy in the immediate trade area includes Giant Eagle, GetGo, Busy Beaver, Wendy’s and AutoZone.
New Kensington is connected to downtown Pittsburgh via Route 28, the major throughfare serving communities to the northeast, and immediate access to the new Iron City Brewery (built in 2022 and home to Iron City Beer).
Harbor Freight is strategically positioned in the Tarentum Bridge Road retail corridor of New Kensington, PA. Tarentum Bridge road sees 30,000+ ADT, and serves and the major connector to Route 28 (41,000+ ADT) and Route 56 (16,000+ ADT). Harbor Freight is part of a master planned redevelopment including Aldi, Starbucks and a proposed national QSR. Additional tenancy in the immediate trade area includes Giant Eagle, GetGo, Busy Beaver, Wendy’s and AutoZone.
New Kensington is connected to downtown Pittsburgh via Route 28, the major throughfare serving communities to the northeast, and immediate access to the new Iron City Brewery (built in 2022 and home to Iron City Beer).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,750 SF
Building Class
B
Year Built
2024
Price
$5,056,720 CAD
Price Per SF
$321.06 CAD
Cap Rate
6.50%
NOI
$328,687 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
6.25 AC
PROPERTY TAXES
| Parcel Number | 24-02-09-0-008 | Improvements Assessment | $0 CAD |
| Land Assessment | $86,161 CAD | Total Assessment | $86,161 CAD |
PROPERTY TAXES
Parcel Number
24-02-09-0-008
Land Assessment
$86,161 CAD
Improvements Assessment
$0 CAD
Total Assessment
$86,161 CAD
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