February 8, 2023 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of Monro Muffler in Verona, Pennsylvania. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,250,000.
Monro Muffler is located at Allegheny River Boulevard in Verona, Pennsylvania. Monro Muffler has been at this location since 2000 and recently extended their lease early, demonstrating their commitment to the site and the market. Monro Muffler has 10+ years of term remaining on their double net lease. The lease includes a scheduled rent increase in the October of 2028. The Property has been well maintained; the parking lot was repaved in 2015 and the building was re-roofed in 2019. Monro Muffler is well-located along Allegheny River Boulevard (PA Route 130), the area’s primary commercial and commuter corridor. The Property benefits from good visibility, frontage, signage and access, as well as traffic counts in excess of 11,500 vehicles per day. The Property is adjacent to McDonald’s and seconds from River Town Shopping Center which is anchored by Giant Eagle, the area’s dominant grocer. Additionally, the property is surrounded by numerous national and local retailers, all of which drive traffic to the immediate area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.