Property summary
This exceptional investment opportunity presents a brand-new, single-tenant, net-leased retail property in Shamokin, Pennsylvania. The property, built in 2023, boasts 6,730 square feet situated on a 1.18-acre lot at 9343 PA-61, offering excellent visibility and accessibility. The tenant, Mavis Discount Tires, a credit-rated national brand with over 2,100 locations, occupies the entire space under a long-term lease (16.5 years total, 13.9 years remaining) commencing March 24, 2022, and expiring September 30, 2038. The lease is a triple-net (NNN) agreement, meaning the tenant is responsible for all operating expenses, minimizing landlord responsibilities. The property's strong financial performance is evident in its current 100% occupancy and a Net Operating Income (NOI) of $128,000, resulting in an attractive 5.75% cap rate. The asking price is $2,226,100. This investment offers a secure, long-term income stream with built-in rental increases and a prominent location in a growing area, shadow-anchored by Walmart and near other national brands. The property's Class A construction and strategic positioning along a major roadway ensure high visibility and consistent tenant performance. This is a rare opportunity to acquire a high-quality, net-leased investment property with a strong tenant and significant remaining lease term.
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6 recent transactions · within 1.5 miComparable in this City
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