Clean Express Auto Wash
South Fayette, PA (Pittsburgh MSA)
The Opportunity
Summary
- ADDRESS: 187 Millers Run Road, S Fayette, PA
- ASKING PRICE: $2,640,000
- CAP RATE: 6.25%
- NOI: $165,000
- LEASE TYPE: NNN Ground Lease
- TENANT: Clean Express Auto Wash, LLC
- BUILDING SIZE: 4,250 SF
- PARCEL SIZE: 0.84 Acres
- YEAR BUILT: 2025
- REMAINING LEASE TERM: 13.9 Years
- OPTIONS: Three (3), Five (5) Year Options
- RENT INCREASES: 10% Every 5 Years
Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant leased property to Clean Express Auto Wash, (the “Property”) in South Fayette, Pennsylvania just 15 miles south of Pittsburgh. The property sits as an outparcel to The Piazza, a newly built mixed-use open-air retail center developed by NAI Burns Scalo. Strategically located along Millers Run Road (25,700 VPD), less than half a mile from Interstate 79 (84,000 VPD) the properties boast excellent visibility, connectivity, and customer accessibility. Clean Express Auto Wash occupies one of two prominent front parcels to the center, comprising approximately 0.84 acres. Clean Express Auto Wash operates on a triple-net (NNN) ground lease, with over thirteen (13+) years remaining and 10% rental increases every five years in the base term. The triple-net (NNN) lease structure of the deal provides a truly passive, hands-off ownership structure and provides investors with stable, predictable, and low-maintenance income streams. Adjacent to the property, Firebirds ranks in the top 88th percentile nationally, demonstrating high consumer demand for retail within the area.
The property is supported by a densely populated and affluent five-mile trade area of over 146,000 residents with an average household income exceeding $142,000, driving robust retail demand and long-term tenant stability. Further bolstering the market, the Apex Newbury development, located less than one mile from the property, is slated to deliver 416 Class A multifamily units in 2026, expanding the residential base and increasing daily traffic in the area.
The surrounding corridor continues to experience transformative growth, anchored by major developments such as BJ’s Wholesale Club, which opened in late 2021 as the retailer’s first Pittsburgh-area location, the Tesla sales and service center (opened November 2022), Carvana (built in 2019), and TopGolf (opened in 2018). These projects represent the initial phase of Newbury Market, a large-scale, mixed-use development that will feature a pedestrian-friendly Main Street setting complemented by mid-box and small-shop retail. Phase II will introduce a grocery anchored retail component, further enhancing the area’s appeal as a premier regional destination for shopping, entertainment, and residential living.


