5992 Us-322Reynoldsville, PA 15851

  • Retail properties
  • 13,000 SF
For Sale
$1,100,000 View listing

Property Details for 5992 Us-322

Year built
2001
Lot size
2.02 AC
Property size (Sq ft)
13,000 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

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.

5992 Us-322, Reynoldsville, Pennsylvania

Location Insight

City
Reynoldsville
County
Jefferson
State
Pennsylvania
Latitude
41.0868
Longitude
-78.8628

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