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Pool City Plaza 610 - 690 Chauvet Drive OFFERING SUMMARY Pittsburgh, PA 15275

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Pool City Plaza 610 - 690 Chauvet Drive OFFERING SUMMARY Pittsburgh, PA 15275 Pool City Plaza 610 - 690 Chauvet Drive OFFERING SUMMARY Pittsburgh, PA 15275 Representative Photo Property Highlights Target Shadow-Anchored Pittsburgh-MSA Retail. High Traffic Location. Part of The Pointe at North Fayette Renovated and 100% leased 47,550 square foot retail retail development off of I-376 (ADT 67,000), Pittsburgh center on 5.82 acres adjacent to high-volume Target, International Airport’s main access road, and Route 22 minutes from the Pittsburgh International Airport. (ADT 23,000), near I-79, western Pennsylvania’s north/ south bypass. Primary Retail Hub. Part of the premier four million square foot Robinson Retail corridor drawing from all Thousands of Daytime Employees. Draws from Park Lane western Pennsylvania and eastern Ohio, with Ikea, and RIDC Park West Office Parks, CIGNA call center, Walmart, Sam’s Club, Costco, Lowe’s, Home Depot, and FedEx Ground and Bayer Corporation headquarters, and more. 195-acre Innovation Center research and development park in development. National & Destination Tenants. Ferguson Enterprises, the largest U.S. plumbing supplies distributor -- 1,400+ “Steel City” Renaissance. Pittsburgh MSA with locations, Orangetheory group fitness gym -- 1,000+ 2,353,000 residents, the second-largest in Pennsylvania. locations, Pool City – the region’s largest home leisure World class Carnegie Mellon University and the products retailer – and new popular restaurants LowKey University of Pittsburgh; $22 billion in education, Taco and The Yard. technology and medical innovations over a decade, 1,600 technology firms including Google and Apple. Stable Long-Term Cash Flow. Long-term mostly net leased with built-in rent increases; 40% in place since Pittsburgh International Airport Renovation. Located 10 original construction, 72% corporate guaranteed. minutes from the property; $1.1 billion renovation and expansion of arrivals area, baggage facilities, security Newly Renovated. Modern construction and newly and amenities. installed roofs, 20-year warranty, new HVAC units and repaved parking lot. PYLON SIGN Coming Soon CHAUVET DR 2 Pittsburgh International Airport Pool City Plaza Pittsburgh Demographics POOL CITY PLAZA 3 mile 5 mile 10 mile POPULATION Daytime Population 58,764 126,947 743,062 Population 22,848 61,761 405,959 Households 10,452 28,422 181,677 Average Household Income $102,875 $97,055 $84,393 Pittsburgh PSA The City of Pittsburgh has transformed from the previously industry-heavy Steel City to a leader in medicine, education, health care, robotics, software engineering and tech. Investment and revenue figures have echoed this trend with a reported $22 billion in revenue generated by the city’s tech sector over the last decade and more than $687 million invested in local tech companies in 2017 alone. The corporate world is once again entrenched in Pittsburgh, with Google, Apple, Bayer, GNC, Heinz, Alcoa, Uber Mellon Financial, U.S. Steel, PNC Financial services and others having established corporate offices in the city. The companies also continue to benefit from Pittsburgh’s inland port, the country’s largest, providing central access to the extensive 9,000-mile U.S. inland waterway system. The Pittsburgh Metropolitan Statistical Area (MSA), home to almost 2.4 million people, is the 2nd largest in Pennsylvania and the largest in the Ohio Valley and Appalachia regions. The area continues to grow as Business Insider recognized Pittsburgh as the top US city where young people are buying the most homes. The low cost of living has also attracted residents, CNBC ranking Pittsburgh as the #2 city in America where a person can live like royalty on a modest salary. The MSA’s offers cultural and recreational amenities including The Carnegie Museum of Art, the Andy Warhol Museum and the newly expanded Westmoreland Museum of American Art. WalletHub named Pittsburgh as the 5th best city for an active lifestyle and USA today ranked its waterfront as top five in the country. Professional sports teams include the Pittsburgh Steelers, Pirates and Penguins. The University of Pittsburgh and Carnegie Mellon University provide educational opportunities, research programs and training facilities and regional healthcare institutions include the UPMC Health System. 3 GIL NEUMAN JUDAH FULD MARLA LEWIS [email protected] [email protected] [email protected] 202-838-0153 202-838-0154 202-838-0155 Office 202-838-0155 BALTIMORE 10451 Mill Run Circle, Suite 1050 | Owings Mills, MD 21117 WASHINGTON D.C. 7910 Woodmont Ave., Suite 870 | Bethesda, MD 20814 VA License #0226027961 MD License #623443 PA License #RBR003353 neumancommercial.com © Neuman Commercial Group, LLC. All rights reserved. 4.
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