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    9343 Pa-61 Shamokin, PA 17866

    For Sale
    $2,226,100

    Pennsylvania Retail Property, Strong NOI

    Property size:
    6,730 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    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.

    Property Features for 9343 Pa-61

    General Information

    Property type
    NNN properties
    Square Feet
    6,730 SF
    Class
    A
    Lot Size
    51,401 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    HighLights

    • Brand‑new, 6,730 SF single‑tenant net‑leased retail building in Shamokin, PA.
    • Mavis Discount Tires, a national credit‑rated tenant with over 2,100 locations, occupies the entire space.
    • Long‑term NNN lease with 13.9 years remaining (expires 9/30/2038), featuring built‑in rent increases.
    • Excellent location on PA‑61 in Coal Township, shadow‑anchored by Walmart and near other national retailers.
    • Strong financial performance: 100% occupancy, $128,000 NOI, 5.75% cap rate, $2,226,100 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shamokin
    County
    Northumberland
    State
    Pennsylvania
    Longitude
    -76.50636428474
    Latitude
    40.789095148328

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    FAQs

    What type of property is this?
    NNN property - Pennsylvania Retail Property, Strong NOI
    Where is this nnn property located?
    The property is located at 9343 Pa-61 Shamokin, PA.
    What is the asking price?
    The asking price for this property is $2,226,100.
    What are key features of this property?
    This property features: Brand-new, 6,730 SF single-tenant net-leased retail building in Shamokin, PA.; Mavis Discount Tires, a national credit-rated tenant with over 2,100 locations, occupies the entire space.; Long-term NNN lease with 13.9 years remaining (expires 9/30/2038), featuring built-in rent increases.
    (717) 843-5555
    Request Owner's contact information
    9343 Pa-61 Shamokin, PA 17866
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    Shamokin, PA 17866
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9343 Pa-61 Shamokin, PA 17866
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