The Piazza

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in The Piazza, a twelve (12) tenant retail center, (the “Offering”) in South Fayette, Pennsylvania just 15 miles south of Pittsburgh. The Piazza, developed by NAI Burns Scalo, features a strong mix of nationally recognized and regional tenants, including Raising Cane’s, Firebirds Wood Fired Grill, Primanti Brothers, Mezeh, GNC, European Wax Center and additional tenants offering investors immediate in-place cash flow backed by established brands. Strategically located along Millers Run Road (25,700 VPD), less than half a mile from Interstate 79 (84,000 VPD) the property boasts excellent visibility, connectivity, and customer accessibility. Raising Cane’s and Clean Express Auto Wash occupy two prominent front parcels to the center, comprising approximately 1.36 acres and 0.84 acres respectively. Both tenants operate under long-term NNN ground leases, providing investors with stable, predictable, and low-maintenance income streams. The outparcels allow potential investors attractive spin-off opportunities in which a future investor could explore potential pad sales or leverage the established tenancy to attract additional national brands to the vacancy.

All leases include scheduled rental increases, and are at minimum ten (10) years in length, with the exception of Raising Cane’s, Firebirds and Clean Express Auto Wash whose leases are fifteen years. The average remaining lease term is a staggering 9 years, giving the buyer a significant amount of ownership time before they have to worry about potentially re-tenanting the buildings. Tenant performance at the center is exceptional, with Raising Cane’s operating the #1 location in Pennsylvania and ranking in the top 90th percentile nationwide, while Firebirds ranks in the top 88th percentile nationally, demonstrating high consumer demand. Unanchored retail strip centers like The Piazza continue to gain popularity among investors due to their diversified tenant mix, stable performance, and reduced reliance on a single occupant, offering stronger income durability than single-tenant properties.