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59 S 2nd St
Pittsburgh, PA 15219

$19,375,000 USD

Storefront For Sale  •  55,780 SF

Property Details

• Property Type Storefront
• Total Building Size 55,780 SF
• Lot Size 1.28 AC
• Building Class B
• Year Built 1856
• Cap Rate 7.74 %
• Tenancy Single
• Zoning RIV

78 Transit Score

74 Walk Score

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

Strategically Located Along the Scenic Southside Riverfront Trail in the Vibrant Heart of Pittsburgh’s Rapidly Growing South Shore

Big Spring Spirits is a Well-Established Tenant in the Spirits Industry, Ensuring Financial Stability and Long-Term Viability

Big Spring Spirits is Committed to Supporting the Local Economy By Partnering With Community Farmers and Artisans

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

The Parent Company Has Experienced Strong YOY Revenue and Growth, Which is a Testament to the Brand and Strength of the Lease Guaranty

Cap Rate:

7.74 %

Major Tenants

Tenant	SF Occupied	Lease End Date
129 McKean Street, LLC	55,780 SF

Public Transportation

Commuter Rail	Drive	Walk	Distance
Pittsburgh Amtrak Station (Capitol Limited - Amtrak, Pennsylvanian - Amtrak)	4 min	-	1.5 mi
Transit/Subway	Drive	Walk	Distance
Station Square (42C Castle Shannon - Port Authority of Allegheny County Light Rail (The "T"), 42S South Hills Village - Port Authority of Allegheny County Light Rail (The "T"), 47L Library - Port Authority of Allegheny County Light Rail (The "T"), 47S South Hills Village - Port Authority of Allegheny County Light Rail (The "T"))	0 min	6 min	0.3 mi
First Avenue (42C Castle Shannon - Port Authority of Allegheny County Light Rail (The "T"), 42S South Hills Village - Port Authority of Allegheny County Light Rail (The "T"), 47L Library - Port Authority of Allegheny County Light Rail (The "T"), 47S South Hills Village - Port Authority of Allegheny County Light Rail (The "T"), 52 Allentown - Port Authority of Allegheny County Light Rail (The "T"))	2 min	17 min	0.9 mi
Steel Plaza (42C Castle Shannon - Port Authority of Allegheny County Light Rail (The "T"), 42S South Hills Village - Port Authority of Allegheny County Light Rail (The "T"), 47L Library - Port Authority of Allegheny County Light Rail (The "T"), 47S South Hills Village - Port Authority of Allegheny County Light Rail (The "T"), 52 Allentown - Port Authority of Allegheny County Light Rail (The "T"))	2 min	20 min	1.1 mi
Wood Street (42C Castle Shannon - Port Authority of Allegheny County Light Rail (The "T"), 42S South Hills Village - Port Authority of Allegheny County Light Rail (The "T"), 47L Library - Port Authority of Allegheny County Light Rail (The "T"), 47S South Hills Village - Port Authority of Allegheny County Light Rail (The "T"), 52 Allentown - Port Authority of Allegheny County Light Rail (The "T"))	3 min	20 min	1.1 mi
Airport	Drive	Walk	Distance
Pittsburgh International	27 min	-	17.7 mi