134 Path Valley RdFort Loudon, PA 17224

  • Retail properties
  • 1.14 AC
For Sale
$1,135,000 View listing

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
134 Path Valley Rd, Fort Loudon, Pennsylvania

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$11,793
$4,150
$67,450
$71,600
-
$4,150
$67,450
$71,600

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