Retail Business for Sale in Pittsburgh, PA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Pittsburgh, PA 15235

Description

Marcus & Millichap is pleased to present the American Freight, Furniture, Appliance & Mattress and Napa Auto parts building, a 50,000 square foot 2 tenant building located at 503-531 Rodi Road, Pittsburgh, PA. Located on 2.68 acres on highly trafficked Rodi Road just south of Interstate 376 and surrounded by a mix of national known tenants such as McDonald’s, U-Haul, Arby’s, Avis, etc… and a large residential component. The AF/Napa Building is occupied by 2 long term tenants – American Freight (2014) occupies 36,250 square feet and Napa Auto Parts ( 2009) occupies 17,750 square feet and both tenants are paying well below current market rents. American Freight recently exercised their first 5- year option early extending the lease thru December 31, 2029 showing a strong commitment to the location. American Freight is a discount retailer selling quality furniture, mattresses and home appliances at everyday low prices. American Freight had revenue of $883,000,000 for the year ending December 31, 2022 and is owned and operated by The Franchise Group- a 4-billion-dollar conglomerate whose operating companies include The Vitamin Shoppe, Pet Supplies Plus, Buddy’s Home Furnishings and Wag N Wash in addition to American Freight. The Franchisee Group was taken private in August 2023. Napa Auto Parts was established in 1925 and has 6,000+ stores in the United States. Both leases are corporately guaranteed. The American Freight Building/Napa Auto Parts building offers an investor the opportunity to acquire an asset with long-term national tenants on a triple net lease at below market rent and below replacement cost at a very attractive cap rate. Investment Highlights: • Long Term National Tenants with Corporate Guarantees with ABSOLUTE Triple Net Leases at Below Market Rent. • Extremely Attractive 9% Cap and Priced Below Replacement Cost ( $65.80 PSF) • Large 2/68 Acre Lot with Tremendous Frontage and Visibility.

Market Context

This retail in Pittsburgh, PA is listed for sale. It is offered at an approximate 10.1% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Pittsburgh, PA — <a href="/search/sale/retail/pennsylvania/pittsburgh">view the full market</a>.

As of Q1 2025, the Pittsburgh retail market showed a 5.2% vacancy rate, and rents up 95.3% year over year. Source: Colliers Q1 2025 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Pittsburgh retail market tightening or softening?
Vacancy is around 5.2%, with asking rents rising year over year (Q1 2025).

Unified Estimate

Very Low Confidence

$157.25/SF – $212.75/SF

Mid: $185.00/SF

Cost-of-business estimate only; rate estimator unavailable.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market chicago (similarity: 100%) with 10 comparable listings.

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