Shoppes at Pittsburgh Mills

Lee & Associates is pleased to present to qualified investors the opportunity to acquire the Fee Simple interest in The Shoppes at Pittsburgh Mills, (“The Property”). The Shoppes at Pittsburgh Mills is a 9,907 SF, 100% occupied service retail strip center located in Pittsburgh’s Northeastern suburb of Tarentum. The property is strategically located off Route 28 which sees an average 42,000 VPD and is positioned well in the heart of the Pittsburgh Mills retail submarket. The Shoppes at Pittsburgh Mills is additionally shadowed by The Galleria at Pittsburgh Mills Mall and top retail tenants such as Walmart, Sam’s Club, Aldi, Lowe’s and many more. The property benefits from a superior merchandising mix and is comprised of a diverse group of e-commerce proof tenants. The property is anchored with a brand new 10 year corporate Verizon lease and Mattress Firm which represent over 61% of the GLA. The Service Retail asset class has outperformed other retail asset classes since the onset of the pandemic. The desirable e-commerce proof tenants coupled with a brand new 10-Year lease from Verizon makes the Shoppes at Pittsburgh Mills a perfect vehicle to deliver an above market risk adjusted return with a stable and predictable income stream.