Drive-Through
1201 Blair Street, Hollidaysburg, PA 16648
For Sale
Contact for pricing
Giant Eagle occupies the single-tenant property under an NN lease through January 31, 2030.
Property Size7,184 SF
Lot Size0.43 Acres
Price / SF$155.35
Days on Market15
Property Features for 1201 Blair Street
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Corner Location
Drive-Thru
Traffic Count
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Forged Real Estate
Listed By:
Marco DiPrinzio · License PA #327764
(302) 510-6397
Source:
Crexi
Added: Oct 26
Changed: Nov 9
Last Checked: Nov 8 at 4:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Forged Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding Giant Eagle Pharmacy contains 7,184 square feet and includes a drive-through. The single-tenant building occupies a 0.43-acre corner parcel. The site has been used for pharmacy operations since 1982, and Giant Eagle converted the former Rite Aid location to its standalone pharmacy format in 2025.
The property fronts Blair Street/U.S. Route 22, which carries 13,100 vehicles per day, at Grant Street in Hollidaysburg. Interstate 99, Exit 28, is approximately four miles away. The NN lease runs through January 31, 2030, with a 10% rent increase scheduled for February 1, 2027. Landlord obligations are limited to the roof, structure, HVAC repairs exceeding $5,000, and parking lot replacement.
The property fronts Blair Street/U.S. Route 22, which carries 13,100 vehicles per day, at Grant Street in Hollidaysburg. Interstate 99, Exit 28, is approximately four miles away. The NN lease runs through January 31, 2030, with a 10% rent increase scheduled for February 1, 2027. Landlord obligations are limited to the roof, structure, HVAC repairs exceeding $5,000, and parking lot replacement.
Key Highlights
- 7,184‑square‑foot freestanding pharmacy with drive‑through
- 0.43‑acre corner parcel at Blair Street/U.S. Route 22 and Grant Street
- U.S. Route 22 traffic: 13,100 VPD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,334
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,446,680
$1.4M
Cap Rate 7%
$1,033,343
$1.0M
Cap Rate 9%
$803,711
$803.7K
Market Conditions
NOI Build-Up for 7,184 SF
Gross rent
$107.8K $15.00/SF
− Vacancy
−$11.3K −$1.58/SF
EGI
$96.4K $13.43/SF
− OpEx
−$24.1K −$3.36/SF
NOI
$72.3K $10.07/SF
Area
Blair County, PA
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,446,680
Cap Rate 7%
$1,033,343
Cap Rate 9%
$803,711
Alternative Uses
Best Use
Specialty Retail
$1.03M
$904.2K – $1.21M
NOI $72,334 @ 7.0% cap · market cap 6.48%
Second Best
Retail
$1.03M
$903.3K – $1.20M
NOI $72,264 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$1.51M
$1.33M – $1.77M
NOI $106,015 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
13,100 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Electronics 22%
Sunoco
Shops & Services
4,796 visits/mo
0.4 miles
Verizon
Electronics
1,337 visits/mo
0.4 miles
Demographics for 16648, PA
15,149
Population
6,849
Households
2.2
Avg Household Size
48
Median Age
40%
College-Educated
96%
High-School Grad
60.0 sq mi
ZIP Area
252
Density / Sq Mi
$76,149
Median Household Income
$45,044
Median Earnings
$1,062
Median Rent
$215,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Innovative Extracts CBD — 210 1, 2 Allegheny St, Hollidaysburg, PA 16648
- Rite Aid Pharmacy — 1201 Blair St, Hollidaysburg, PA 16648
- Kopp Drug Inc — 1201 Blair St, Hollidaysburg, PA 16648
- Dixon Ross W — 1201 Blair St, Hollidaysburg, PA 16648
Frequently Asked Questions
What type of property is this?
Drug store - Giant Eagle occupies the single-tenant property under an NN lease through January 31, 2030.
Where is this drug store located?
The property is located at 1201 Blair Street Hollidaysburg, PA.
What is the asking price?
The asking price for this property is $1,116,000.
What are key features of this property?
This property features: 7,184‑square‑foot freestanding pharmacy with drive‑through; 0.43‑acre corner parcel at Blair Street/U.S. Route 22 and Grant Street; U.S. Route 22 traffic: 13,100 VPD
