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Riverview Plaza Anchored Strip Center Pennsylvania

Riverview Plaza | New Kensington, PA
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Investment Offering

Tenant: Riverview Plaza | New Kensington, PA
Premises: 51,969 SF
Renewal Options: Varies

Lease Expiration: Varies
Lease Type: NN
Rental Increases:


Sands Investment Group is Pleased to Present Exclusively For Sale the 51,969 SF Riverview Plaza Located at 100 Tarentum Bridge Road in New Kensington, PA. This Opportunity Features a 92.31% Occupied Strip Center Anchored By Staples, Providing For a Unique and Value-Add Investment.

  • 92.31% Occupied Strip Center Anchored By Staples, Who Has Occupied Their Space Since 1998 and Has Multiple Renewals Remaining
  • 1 Vacancy Creates a Value-Add Opportunity
  • Below Replacement Cost
  • Below Market Rent – on Average About $9.31/SF
  • Located Within a Dense Retail Corridor
  • Located Just Off Tarentum Bridge Road Which Sees Over 46,828 VPD
  • New Kensington is Located Under 10-Miles From Pittsburgh
  • Strong Demographics With a Population of 43,405 Residents Making an Average Household Income of $61,067 Within a 3-Mile Radius
  • Nearby Retailers Include: Giant Eagle Supermarket, Denny’s, O’Reilly Auto Parts, ALDI, Wendy’s, AutoZone Auto Parts, Walgreens and Many More

In Cooperation With Sands Investment Group Philadelphia, LLC – Lic. # RB069072

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Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

Tenant Overview

Staples Inc. is an American office retail company. It is primarily involved in the sale of office supplies and related products, via retail channels and business-to-business-oriented delivery operations. Staples brings technology and people together in innovative ways to consistently deliver products, services and expertise that elevate and delight customers. Staples is in business with businesses and is passionate about helping businesses work better. Staples operates primarily in North America. With a focus on the community of small businesses and consumers, Staples Connect provides innovative products, services and inspiration essential to the new ways of working and learning. Staples Stores and Staples Connect retail locations serve millions of customers from entrepreneurs and small businesses to remote workers, parents, teachers, and students. There are 1,045 Staples Stores in the United States.
Long John Silver’s was founded in 1969 and has grown into the nation’s largest quick-service seafood chain. With nearly 700 restaurants nationwide and delivery available from sea to mouth-watering sea, Long John Silver’s continues building on a belief that the unique seafood experience from the coasts should be accessible to all. 50 years ago, they began their mission to bring great-tasting, sustainably-caught seafood to all the people who aren’t able to be near an ocean every day of their life. So, from sea to delicious sea, they bring their bell-ringing quality, service and value to land every day. Long John Silver’s has pioneered the quick service seafood restaurant industry. They provide consumers across the country with great tasting, affordable seafood menu items. Menu innovation has continued to be a focus for the restaurant known for its fish and fries. Long John Silver’s will continue to expand its menu for consumers with a flexitarian eating style.
Verizon, headquartered in Basking Ridge, New Jersey is an American wireless network operator founded in 2000 as a joint venture of American telecommunications firm Bell Atlantic. It operates a national 4G LTE network covering about 99 percent of the U.S. population, which in the second half of 2020 won or tied for top honors in each category of the RootMetrics RootScore Reports. Verizon Wireless offers mobile phone services through a variety of devices. The company offers both standard post-paid and prepaid subscription plans. It distributes new and pre-owned phones from manufacturers including Samsung Electronics, BlackBerry, LG, and Apple. The company also offers mobile data services, including text messaging, multimedia content (V CAST), and Web access. The mobile network previously operated as a separate division of Verizon Communications under the name of Verizon Wireless. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $128.3 billion in 2020.
Quest Diagnostics is an American clinical laboratory. As the world’s leading provider of diagnostic information services, our employees work every day to uncover insights about your body that empower you with the information you need to make your healthcare decisions count. A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. Quest also maintains collaborative agreements with various hospitals and clinics across the globe. As of 2020 the company had approximately 48,000 employees and generated more than $7.7 billion in revenue in 2019. The company offers access to diagnostic testing services for cancer, cardiovascular disease, infectious disease, neurological disorders, COVID-19 and employment and court ordered drug testing.

Area Overview

Riverview Plaza | New Kensington, PA

100 Tarentum Bridge Road - New Kensington, PA 15068

Contact Broker for Details

Status: Sold

Riverview Plaza | New Kensington, PA

Alex Wenzel

404.913.8613
awenzel@SIGnnn.com

Nick Stockton

770.863.8392
nick@SIGnnn.com

Tom Gorman

610.550.8884
tom@SIGnnn.com

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$8 BILLION IN SALES

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Our Intentions

We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

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