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616 Main St Gallitzin, PA 16641

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Dollar General with lease extended to June 30, 2030.

Type:Retail
Property size:
9,014 SF
Lot size:
0.56 Acres
Price / SF:
$91/SF
Added:
Sep 12, 2024
Days on Market:
587
Last Refresh:
Mar 17 at 1:26 pm

Property Features for 616 Main St

General Information

Standard status
Active
Size
9,014 SF
Lot size
0.56 Acres
Property subtype
Retail

Building Details

Year Built
2009

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Listing Contact
Craig Dunkle

Listing agent Craig Dunkle License #PA RS324418

Listing office Scope Investment Real Estate Services

Listing date Sep 12, 2024

Source Crexi

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 Scope Investment Real Estate Services


Overview

Dollar General in Gallitzin, PA

The Dollar General property is located at 616 Main Street in Gallitzin, PA, situated in the downtown area. Constructed in 2009, the building has a gross leasable area of 9,014 square feet on a 0.56-acre lot. The property provides 32 surface parking spaces, resulting in a parking ratio of 3.55 spaces per 1,000 square feet. It features 151 feet of frontage on Main Street, positioned in an area with high walking traffic. The lease is a NNN agreement, with the landlord responsible for the roof, structure, and capital expenditures, and reimbursed for common area maintenance. The lease was extended early by 6 years on July 22nd, with a new expiration date of June 30th, 2030, leaving 6 years and 7 months of term remaining. A new roof coating was installed in 2022 with a 20-year warranty. Traffic counts in the area are as follows: Forest St/Oak St at 2,400 vehicles per day, South Main Street/Main St at 1,200 vehicles per day, Forest Street/Saint Mary’s St at 2,600 vehicles per day, and Tunnelhill Street/Bradley St at 2,000 vehicles per day. The surrounding area has a population of 10,438 within 5 miles, and 97,376 within 10 miles. The average household income is $76,700 within 5 miles and $73,700 within 10 miles. The property is approximately 13 miles from Altoona, PA, and conveniently situated near major highways, including US-22, located 5 miles south, and I-99, about 10 miles east.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Dollar General Discount Store Travelers Insurance Insurance Agency Western Union Bank

Suggested Use

Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Daycare Center Bar & Pub

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Gallitzin
County
Cambria
State
Pennsylvania
Longitude
-78.552288
Latitude
40.480789

FAQs

What type of property is this?
Grocery and convenience store - Dollar General with lease extended to June 30, 2030.
Where is this grocery and convenience store located?
The property is located at 616 Main St Gallitzin, PA.
What is the asking price?
The asking price for this property is $827,000.
What are key features of this property?
This property features: NNN lease with approximately 6 years and 7 months of term remaining, extended early, providing stable income.; **High‑performing Dollar General location, ranked in the Top 10 within 15 miles and experiencing a 7.7% increase in visits year‑over‑year, indicating strong customer traffic.**; **New roof coating installed in 2022 with a 20‑year warranty, reducing potential capital expenditures.**
More about this property
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