134 Path Valley RdFort Loudon, PA 17224
- Retail properties
- 1.14 AC
Property Details for 134 Path Valley Rd
- Lot size
- 1.14 AC
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 18-K4-160
- APU
- 18K4160
Description
This exceptional investment opportunity presents a 9,226 square foot Dollar General store located at 134 Path Valley Rd, Fort Loudon, PA 17224. The property, built in 2010, sits on a 1.14-acre lot with 27 parking spaces and boasts a strong location near major highways (US-30, I-76, I-81). Currently operating under a NNN lease with a credit-rated corporate tenant, the lease extends to November 30, 2030, with two five-year options. The lease includes a 5% rent bump in 2025 and at each option renewal. The property shows exceptional performance, with a current NOI of $86,241 and a pro-forma NOI of $90,553, resulting in a 7.60% cap rate and a pro-forma cap rate of 7.98%. The asking price is $1,135,000, translating to $123.02 per square foot. The property is classified as a Class C retail building with a single tenant and 100% occupancy since December 1, 2020. The strong tenant, favorable lease terms, and prime location make this a compelling investment opportunity in a resilient retail market. The Chambersburg-Waynesboro retail market exhibits a low vacancy rate of 8.0%, with general retail buildings at a mere 1.6% vacancy. Rents have seen a 2.4% increase in the past year, averaging $13.70 per square foot. The property benefits from high traffic counts on nearby roads, including over 5,800 vehicles per day on Lincoln Way W/Rosenberry Dr. The surrounding area has a population of 6,681 within 5 miles and 23,375 within 10 miles, with average household incomes of $73,935 and $81,227 respectively. This Dollar General has experienced significant foot traffic, recording 181,900 visits in the past 12 months, a 39.5% increase from the previous year. The property's zoning is commercial, and its APN is 18-0K04-160-000000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $15,574,435
- 6.5%
- $14,376,401
- 7%
- $13,349,516
-
Comparable approach
- Method
- Valuation
- Relative Method
- $12,781,253
- Geo Method
- $25,020,124
-
Alternative Use
- Use
- Valuation
- Residential
- $12,127,032
- Hospitality
- $11,108,297
- Educational
- $9,241,972
- Medical
- $9,559,818
- Retail
- $14,376,401
Location Insight
- City
- Fort Loudon
- County
- Franklin
- State
- Pennsylvania
- Latitude
- 39.9171
- Longitude
- -77.91
- CBSA code
- 16540
- CBSA name
- CHAMBERSBURG, PA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
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