616 Main StGallitzin, PA 16641

Property Details for 616 Main St

Year built

2009

Lot size

0.56 AC

Property type

Retail properties

Property subtype

Outlet malls

APN

030 022755

APU

30022755

Description

This exceptional investment opportunity presents a 9,014 square foot Dollar General store located at 616 Main St, Gallitzin, PA 16641. The property sits on a 0.56-acre lot with 32 parking spaces and boasts a 7.60% cap rate based on a Net Operating Income (NOI) of $66,150. The single-tenant, NNN lease with Dollar General commenced July 1, 2024, and extends to June 30, 2030, offering 5.6 years of remaining lease term with three (5-year) options, including a 5% rent bump at each option. Built in 2009, this Class C retail building features a 100% occupancy rate and benefits from a new roof coating installed in 2022, backed by a 20-year warranty. The property enjoys high visibility on Main Street with 151 feet of frontage and is situated in a high-traffic area, benefiting from proximity to major highways US-22 and I-99. The strong local market shows a low vacancy rate and increasing rents, further enhancing the investment potential. The asking price is $870,000, translating to $96.52 per square foot. Detailed traffic counts and demographic information are available upon request. This is a rare opportunity to acquire a stable, high-performing retail investment with a credit tenant and significant remaining lease term.

• CAP approach

  CAP return

  Valuation

  6%

  $7,636,360

  6.5%

  $7,048,947

  7%

  $6,545,451

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,266,824

  Geo Method

  $12,267,711

• Alternative Use

  Use

  Valuation

  Residential

  $5,946,050

  Hospitality

  $5,446,550

  Educational

  $4,531,466

  Medical

  $4,687,310

  Retail

  $7,048,947

Location Insight

City

Gallitzin

County

Cambria

State

Pennsylvania

Latitude

40.4808

Longitude

-78.5521

CBSA code

27780

CBSA name

JOHNSTOWN, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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