Waterford Place | DaVita Anchored — Sale in Mckees Rocks, PA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Mckees Rocks, PA 15136
  • Year built: 2005

Photos

Waterford Place | DaVita Anchored — Sale in Mckees Rocks, PA, photo 1 of 3
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Waterford Place | DaVita Anchored — Sale in Mckees Rocks, PA, photo 3 of 3

Investment Figures

Cap rate
8.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

INVESTMENT SUMMARY: Marcus & Millichap is pleased to present Waterford Place, a 7,637-square-foot retail center located in the McKees Rocks area of Pittsburgh, Pennsylvania. Originally constructed in 2005, the property is 100% occupied by a complementary mix of service- oriented and e-commerce-resistant tenants, including DaVita Dialysis, Bruster’s Real Ice Cream, and Burgh’s Bagels. Waterford Place has demonstrated exceptional tenant stability, with approximately 80% of its gross leasable area occupied by tenants that have operated at the property for more than 10 years. This established operating history, combined with the necessity- and service-based nature of the tenancy, provides investors with durable cash flow and reduced exposure to discretionary retail trends. Despite its strong occupancy and positioning within an undersupplied submarket, Waterford Place’s rents average just $18.68 per square foot—well below prevailing market levels. This favorable basis creates a clear path to meaningful rental growth while also providing a substantial hedge against tenant relocation. Approximately 80% of the GLA is subject to contractual rent increases during the current lease terms and renewal options, while the remaining space has no renewal options, allowing ownership to negotiate market- based rents upon lease expiration. The property has a weighted-average lease term of over 3.5 years. All leases are structured on a landlord-favorable triple-net basis, with tenants reimbursing real estate taxes, insurance, common-area maintenance expenses, and the majority of third-party management costs. This structure limits expense leakage and provides investors with stable, passive income and operational simplicity through the property’s low-tenant-count configuration. DaVita Dialysis: is the property’s corporate-operated anchor, occupying 3,593 square feet and operating since 2014. DaVita recently extended its lease for an additional five years through 2029 and currently pays a

Market Context

This retail in Mckees Rocks, PA is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2005. Compare it against other retail listings for sale in Mckees Rocks, PA — view the full market.

As of Q4 2025, the Pittsburgh retail market showed a 5.1% vacancy rate, and average asking rents near $14.79/SF/yr. Source: Colliers Q4 2025 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Pittsburgh retail market tightening or softening?
Vacancy is around 5.1% (Q4 2025).

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