For Sale
$1,100,000

5992 Us-322Reynoldsville, PA 15851

High-yield, net-leased Goodwill storefront.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 13,000 square foot, net-leased storefront occupied by Goodwill Industries of North Central PA. Located at 5992 US-322 in Reynoldsville, Pennsylvania (Jefferson County, zip code 15851), this property sits on a 2.02-acre lot. The building, constructed in 2001, benefits from a brand new ten-year lease commencing February 1, 2022, and expiring January 31, 2032, leaving approximately 7.2 years remaining. The lease is a single-tenant, net (NN) lease with minimal landlord responsibilities. The current asking price is $1,100,000, representing a price per square foot of $84.62 and a 6.23% cap rate based on a current Net Operating Income (NOI) of $68,512. The lease includes a $7,200 annual rent bump and a five-year option to extend. Goodwill recently expanded to occupy the entire building, demonstrating the success of this location. The property's parking lot was repaved in June 2022. The lease is guaranteed by Goodwill Industries of North Central PA. The property serves a population of 19,501 within a five-mile radius. This is a strong, stable investment with a proven tenant and significant remaining lease term.

Highlights

  • Brand new, ten-year lease.
  • Goodwill's recent expansion to the entire building demonstrates strong location performance.
  • Ten-year net-net lease with minimal landlord responsibilities.
  • Parking lot repaved June 2022.
  • One five-year lease option.
  • Lease guaranteed by Goodwill Industries of North Central PA.

Property Details for 5992 Us-322

Property type
Retail properties, Retail space
Square Feet
13,000 SF
Year Built
2001
Lot Size (sq. ft)
87,991 SF

Location Insight

City
Reynoldsville
County
Jefferson
State
Pennsylvania
Latitude
41.0867752
Longitude
-78.862814
5992 Us-322, Reynoldsville, Pennsylvania

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5992 Us-322
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