Contacts
RDO Investments
Property Details
- Property Type Retail - Free Standing Bldg
- Property Size 3,953 SF
- Lot Size 1.82 Acre
- Cap Rate % 5
- Rental Income / YR $208,125.00
- NOI / YR $208,125.00
- Additional Rent $208,125
- # of Floors 1
- Average Floor Size 3,953 SF
- Property Tenancy Single Tenant
- Building Class A
- Year Built 2021
- Date Updated Mar 17, 2025
RDO Investments and DZ Net Lease Realty, LLC, PA Broker is pleased to present 12012 Frankstown Road, a 3,953 SF freestanding Bank of America located in Pittsburgh, Pennsylvania.
The Bank of America provides the rare opportunity to acquire an absolute NNN ground lease interest in a new class “A” Bank of America retail banking location. The building was delivered in 2021 and features a 3,953 square foot retail banking center, two-lane drive through, 24/7 ATM access, a stunning modern façade, and beautiful new landscaping. Bank of America’s 15-year Absolute NNN ground lease includes rare, attractive 12.5% rental increases every five years throughout the primary term and each of its two (2) five-year renewal options.
In September 2018 Bank of America opened its first location in the Pittsburgh MSA and announced plans to expand in this highly desirable market with an additional 15 financial centers over the course of two years. The Pittsburgh site is the banks 68th in the Commonwealth of Pennsylvania, and the 10th in the region. By June 2020, Bank of America had climbed to #5 in deposits by market share in the Pittsburgh MSA (Federal Deposit Insurance Corp). Bank of America is strategically located with excellent access and visibility along Frankstown Road/PA Route 380 (18,700 AADT). PA Route 380 is a major east/west corridor into downtown Pittsburgh. In the fivemile radius of the property, the bank serves a densely populated community of 171,794 people earning an average household income of $76,835. This heavily-populated trade area provides Bank of America with a stable built-in customer base well into the foreseeable future.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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54/100
Walk Score ®
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17/100
Bike Score ®
Location
- City Pittsburgh, PA
- Neighborhood Penn Hills
- Zip Code 15235
- Market Pittsburgh
Points of Interest
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First Avenue
9.52 miles
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Gateway
9.81 miles
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Shell
0.52 miles
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BP
0.98 miles
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Sunoco
1.05 miles
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GetGo
1.33 miles
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Exxon
2.01 miles
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Sam's Club
2.64 miles
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eVgo
3.10 miles
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Sheetz Pittsburgh
4.82 miles
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Tesla Destination Charger
7.04 miles
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Student Parking
0.28 miles
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Beulah Park and Ride
2.13 miles
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Kia
2.83 miles
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Conv Ctr Garage
3.03 miles
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CCAC Boyce student parking area
3.80 miles
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Wilkinsburg Park and Ride
3.88 miles
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CCAC Boyce parking lot
3.90 miles
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Hamnett Park and Ride Lot
4.03 miles
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Ardmore Shopping Center parking lot
4.05 miles
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Lot LX
4.14 miles
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Rally's
0.26 miles
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Eat'n Park
0.27 miles
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Fun Asian Bistro
0.32 miles
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Papa John's
0.35 miles
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Subway
0.46 miles
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Wendy's
0.48 miles
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Taco Bell
0.49 miles
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KFC
0.50 miles
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McDonald's
0.53 miles
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A&W
0.67 miles
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Penn Hills Shopping Center
0.48 miles
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ALDI
0.55 miles
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Giant Eagle
0.60 miles
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Labriola's Italian Market
0.99 miles
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Alcoma Plaza
1.83 miles
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Shop 'n Save
1.98 miles
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River Town Shopping Center
2.27 miles
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Community Super Market
2.53 miles
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Kohl's
2.93 miles
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JCPenney
3.09 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
RDO Investments
