Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the fee simple interest in the GetGo Café + Market (“GetGo”) located at 410 Chestnut Street, Carnegie, PA (the "Property" or "Asset"). GetGo currently operates under an absolute NNN lease with ±8.2 years of remaining term. The lease features attractive 2.5% rent increases every 5 years during its eight, 5-year renewal options and zero landlord responsibilities.

GetGo is a national convenience and gas chain with 278 locations across Indiana, Maryland, Ohio, Pennsylvania, and West Virginia. GetGo’s parent, Alimentation Couche-Tard, boasts a robust BBB+ (stable) credit-rating per S&P.

Broker of Record:

Nick Unkovic

License #: PA-RS330796

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Attributes

Building area net

551 m²

Occupancy

100%

Year built

2015

Land area gross

0.61 ha

WAULT

8.2 years

Media

Investment Highlights

Strong Parent Company Backing: GetGo operates as a subsidiary of Alimentation Couche-Tard, an investment-grade (BBB+) global convenience and fuel operator with approximately 17,300 locations worldwide.
Long-Term Absolute NNN Lease with Rent Growth in Options: The Property is secured by an absolute NNN lease with ±8.2 years of remaining term, zero landlord responsibilities, and eight 5-year renewal options with 2.5% rent increases in each option period.
Prime Pittsburgh MSA Location with Strong Traffic Counts: The Property sits at the intersection of E Main St and Chestnut St, connected directly to Penn Lincoln Parkway West (I-376), providing combined access to more than 143K VPD.
Affluent Demographics & Dense Consumer Base: The surrounding trade area includes more than 234K residents and a $119K average household income within a 5-mile radius.
Located Within Western Pennsylvania's Economic Hub: Carnegie sits approximately 4 miles southwest of downtown Pittsburgh, within a 2.4M person MSA. The metro is home to nine Fortune 500 headquarters and 88 colleges and universities, and its major employers include UPMC, PNC, and Carnegie Mellon University.
Strong Retail & Community Demand Drivers: The Property is located in Carnegie's East Main Street business district, with nearby tenancy in CVS, ALDI, Dunkin', the Carnegie Library and Music Hall, surrounded by more than 480 multifamily units across three nearby apartment communities add to the customer base.