For Sale
$2,226,100

9343 Pa-61 Shamokin, PA 17866

Pennsylvania Retail Property, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a brand-new, single-tenant, net-leased retail property in Shamokin, Pennsylvania. The property, built in 2023, boasts 6,730 square feet situated on a 1.18-acre lot at 9343 PA-61, offering excellent visibility and accessibility. The tenant, Mavis Discount Tires, a credit-rated national brand with over 2,100 locations, occupies the entire space under a long-term lease (16.5 years total, 13.9 years remaining) commencing March 24, 2022, and expiring September 30, 2038. The lease is a triple-net (NNN) agreement, meaning the tenant is responsible for all operating expenses, minimizing landlord responsibilities. The property's strong financial performance is evident in its current 100% occupancy and a Net Operating Income (NOI) of $128,000, resulting in an attractive 5.75% cap rate. The asking price is $2,226,100. This investment offers a secure, long-term income stream with built-in rental increases and a prominent location in a growing area, shadow-anchored by Walmart and near other national brands. The property's Class A construction and strategic positioning along a major roadway ensure high visibility and consistent tenant performance. This is a rare opportunity to acquire a high-quality, net-leased investment property with a strong tenant and significant remaining lease term.

Highlights

  • Brand-new, 6,730 SF single-tenant net-leased retail building in Shamokin, PA.
  • Mavis Discount Tires, a national credit-rated tenant with over 2,100 locations, occupies the entire space.
  • Long-term NNN lease with 13.9 years remaining (expires 9/30/2038), featuring built-in rent increases.
  • Excellent location on PA-61 in Coal Township, shadow-anchored by Walmart and near other national retailers.
  • Strong financial performance: 100% occupancy, $128,000 NOI, 5.75% cap rate, $2,226,100 asking price.

Property Details for 9343 Pa-61

Property type
Retail properties, NNN properties
Square Feet
6,730 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
51,401 SF

Location Insight

City
Shamokin
County
Northumberland
State
Pennsylvania
Latitude
40.789095148328
Longitude
-76.50636428474

FAQs

What type of property is this?
Retail property - Pennsylvania Retail Property, Strong NOI
Where is the retail property located?
The property is located at 9343 Pa-61 Shamokin, PA.
What is the asking price?
The asking price for this property is $2,226,100.
What are key features of this property?
This property features: Brand-new, 6,730 SF single-tenant net-leased retail building in Shamokin, PA.; Mavis Discount Tires, a national credit-rated tenant with over 2,100 locations, occupies the entire space.; Long-term NNN lease with 13.9 years remaining (expires 9/30/2038), featuring built-in rent increases.
How can I contact the broker?
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9343 Pa-61
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