Dollar General NNN Retail
For Sale
Contact for pricing
748 Tire Hill Rd, Johnstown, PA 15905
The property carries an absolute NNN lease with zero landlord responsibilities.
Property Size10,566 SF
Price / SF$202.39
Days on Market14
Property Features for 748 Tire Hill Rd
General Information
Standard status
Active
Size
10,566 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$139,000
Building Details
Year Built
2026
Units
1
Tenancy
Single
Listing Agency:
Foundry Real Estate Development
Listed By:
Brendan Eisenbrandt · License #PA RS330265
Source:
Crexi
Added: Jul 29
Changed: Aug 11
Last Checked: Aug 11 at 4:39AM
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 Foundry Real Estate Development
Investment Insights
Based on property information with market context.
This 10,566-square-foot Dollar General retail property was built in 2026 and opened April 27, 2026. The asset is subject to an absolute NNN lease with a 15-year primary term, 5% rental escalations every 5 years, and no landlord responsibilities. Dollar General Corporation provides the BBB (S&P) corporate guaranty supporting the lease.
Located at 748 Tire Hill Rd in Johnstown, Pennsylvania, the store serves the Conemaugh Township and Richland Township communities. The property is positioned on the suburban fringe of the Johnstown market, outside the urban core, and is zoned Commercial. Its surrounding trade area includes healthcare, defense, and technology manufacturing employment represented by Conemaugh Memorial Medical Center, Lockheed Martin, and Concurrent Technologies Corporation.
Located at 748 Tire Hill Rd in Johnstown, Pennsylvania, the store serves the Conemaugh Township and Richland Township communities. The property is positioned on the suburban fringe of the Johnstown market, outside the urban core, and is zoned Commercial. Its surrounding trade area includes healthcare, defense, and technology manufacturing employment represented by Conemaugh Memorial Medical Center, Lockheed Martin, and Concurrent Technologies Corporation.
Key Highlights
- 10,566‑square‑foot retail property built in 2026
- Absolute NNN lease with zero landlord responsibilities
- 15‑year primary lease term with 5% escalations every 5 years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,386
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,127,720
$2.1M
Cap Rate 7%
$1,519,800
$1.5M
Cap Rate 9%
$1,182,067
$1.2M
Market Conditions
NOI Build-Up for 10,566 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$158.5K $15.00/SF
− Vacancy
−$16.6K −$1.58/SF
EGI
$141.8K $13.43/SF
− OpEx
−$35.5K −$3.36/SF
NOI
$106.4K $10.07/SF
Area
Cambria 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,127,720
Cap Rate 7%
$1,519,800
Cap Rate 9%
$1,182,067
Alternative Uses
Best Use
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,386 @ 7.0% cap · market cap 4.97%
Second Best
Retail
$1.49M
$1.30M – $1.74M
NOI $104,286 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$3.19M
$2.79M – $3.72M
NOI $223,154 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 15905, PA
19,654
Population
9,907
Households
2
Avg Household Size
50
Median Age
35%
College-Educated
96%
High-School Grad
41.5 sq mi
ZIP Area
474
Density / Sq Mi
$70,620
Median Household Income
$45,285
Median Earnings
$893
Median Rent
$118,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - The property carries an absolute NNN lease with zero landlord responsibilities.
Where is this nnn property located?
The property is located at 748 Tire Hill Rd Johnstown, PA.
What is the asking price?
The asking price for this property is $2,138,461.
What are key features of this property?
This property features: 10,566‑square‑foot retail property built in 2026; Absolute NNN lease with zero landlord responsibilities; 15‑year primary lease term with 5% escalations every 5 years
