Rainbow Village Retail Center

White Oak, PA is a vibrant town located in the heart of western Pennsylvania. It offers its residents a pleasant lifestyle with plenty of recreational activities. The town is surrounded by lush forests and rolling hills, making it a great place to get outside and explore nature. The community has an active downtown area that includes a variety of shops, restaurants, and other attractions. Residents here enjoy small-town charm with access to major cities like Pittsburgh, Philadelphia, and Harrisburg. White Oak is located approximately 15 miles from Pittsburgh, the most populous city in Western Pennsylvania. Pittsburgh is a city in Pennsylvania and the county seat of Allegheny County. It is the most populous city in both Allegheny County and Western Pennsylvania, the second-most populous city in Pennsylvania after Philadelphia, and the 68th-most populous city in the U.S. with a population of 302,971 as of the 2020 census. It is the largest city of the Greater Pittsburgh metropolitan area of Western Pennsylvania; its population of 2.37 million is the largest in both the Ohio Valley and Appalachia, the second-largest in Pennsylvania, and the 27th-largest in the U.S. Pittsburgh is located in southwest Pennsylvania at the confluence of the Allegheny River and the Monongahela River, which combine to form the Ohio River. Pittsburgh is known both as "the Steel City" for its dominant role in the history of the U.S. steel industry, and as the "City of Bridges" for its 446 bridges. Pittsburgh has adapted since the collapse of its century-long steel and electronics industries. The region has shifted to high technology, robotics, health care, nuclear engineering, tourism, biomedical technology, finance, education, and services. The largest employer in the city is the University of Pittsburgh Medical Center, with 48,000 employees. All hospitals, outpatient clinics, and doctor's office positions combine for 116,000 jobs, approximately 10% of the jobs in the region. Education is also a major economic driver in the region. The largest single employer in education is the University of Pittsburgh, with 10,700 employees. Ten Fortune 500 companies call the Pittsburgh area home including: Alcoa Corporation (NYSE: AA), Arconic Corporation (NYSE: ARNC), Dick's Sporting Goods (NYSE: DKS), The Kraft Heinz Company (NASDAQ: KHC), PNC Financial Services (NYSE: PNC), PPG Industries (NYSE: PPG), U.S. Steel Corporation (NYSE: X), Viatris (NASDAQ: VRTS), Wabtec Corporation (NYSE: WAB), and WESCO International (WYSE: WCC).Discover an exceptional investment opportunity with this prime 66,405 SF retail property nestled in White Oak, PA. With 87% occupancy and a recent 2023 renovation, this multi-tenant building and five single-tenant outparcels offer a solid asset base. Boasting a strategic location in the Pittsburgh MSA, it's positioned on a signalized corner with multiple access points, drawing high daily traffic counts of 17,000 along Jacks Run Road. With a diverse tenant base and a weighted average lease term of 3.3 years, this property presents potential for rent growth with leases rolling over. Priced attractively below replacement cost at $118/SF, seize this rare opportunity for a steady and rewarding investment.