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Zerorez® of Pittsburgh

2260 Big Sweickley Creek Rd

Sewickley, PA

Zerorez® of Pittsburgh

offering
memorandum

place offer

Property Details

available

Address

2260 Big Sweickley Creek Rd

City

Sewickley, PA

Zipcode

15143

Net Operating Income

Year Built

Cap Rate

7.50%

Lease Structure

Lot Size

2.90 AC

Lease Term

Building Size

15,200

SQ FT

Investment Details

  • Absolute NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM) making this an ideal investment for investors seeking true passive incoming producing assets with zero landlord responsibilities.
  • Healthy Lease Remaining - +/-7 Years remaining on an original 10-year lease that commenced during the 2022 Fiscal Calendar Year.
  • Niche Market - This will be the company’s second location in the state of Pennsylvania, and their first outside of downtown Pittsburgh, less than 20 miles away in efforts to capture additional market share from an already proven consumer base.
  • Strong Customer Base - Wealthy suburb, service based with repeat contracts, over 11,000 Google reviews with an outstanding 4.9 rating.
  • Company Overview - Founded in 2001, Zerorez® is a multi-national, multi-surfaces cleansing company, with thousands of employees cleaning over 1,500 homes a day.
  • Total Locations - 100 Total Locations worldwide including 1 location in Canada & 1 location in the UK - Parent company owns 18 total sites and receives royalty payments from their 62 franchisees.
  • Healthy Corporate Financials - Corporate Guarantee from parent company with $75M in top line revenue.

Asking Price

$2,902,240

cap rate

7.50%

%

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