Former DCI: Investment Opportunity

New Kensington is a city located in western Pennsylvania, about 18 miles northeast of Pittsburgh. Situated in Allegheny County, it lies along the Allegheny River. New Kensington has a mix of residential, commercial, and industrial areas, with a rich history in steel production, particularly during the industrial era. The city's downtown area is home to a variety of small businesses, shops, and local restaurants, while the surrounding neighborhoods feature a combination of older homes, apartment complexes, and green spaces. New Kensington also has several parks and recreational areas, such as the nearby Allegheny Riverfront, which offers scenic views and opportunities for outdoor activities. The city is connected to Pittsburgh and surrounding communities through major highways like Route 28, making it easily accessible for commuters. Over the years, New Kensington has undergone revitalization efforts, especially in its downtown district, to encourage new business and cultural development.SRS National Net Lease Group and Zamias Services Inc. is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 7,381 SF, single story, vacant medical office property located in New Kensington, Pennsylvania. The property is mainly zoned Mixed Commercial/Light Industrial, providing for a wide range of commercial and industrial uses. These areas are intended to encourage small scale and rich diversity of neighborhood-serving commercial districts. The site presents an excellent owner- user or lease-up opportunity in a highly desirable location. The site offers efficient floor plans, an elegant lobby, and easy access to businesses, government buildings, schools, and recreational outdoor activities. The subject property is strategically located near State Highway 366, which averages 31,300 vehicles passing by daily and is a major retail thoroughfare serving the city of New Kensington. The asset is a quick a 30-minute drive into downtown Pittsburgh, making this an ideal, centralized location with easy commutes for both employees and customers. The property benefits from nearby on/off ramp access onto State Highway 28 (49,700 VPD), a major interstate providing direct access to Pittsburgh. The asset is ideally located within a dense retail corridor with numerous surrounding national/credit tenants including a Lowe’s Home Improvement, Sam’s Club, Dick’s Sporting Goods, ALDI, Macy’s,Michaels, among many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. The 5-mile trade area is supported by over 72,900 residents and 33,600 daytime employees, with a healthy annual average household income of $88,822.