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    1201 Blair St Hollidaysburg, PA 16648

    Sponsored
    For Sale
    $1,266,000

    High-yield, NNN-leased Rite Aid

    Property size:
    7,124 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple, 7,124 square-foot Rite Aid pharmacy in Hollidaysburg, Pennsylvania. Located at 1201 Blair St, 16648, this Class B, single-tenant property boasts a strong 6.00% cap rate and a substantial NOI of $76,000. The building, constructed in 1984, features a convenient drive-thru and ample parking (20+ spaces). With 100% occupancy and a lease featuring rent bumps, this freestanding building offers significant long-term potential. The property benefits from a prime location with 132 feet of frontage on Blair Street and enjoys a zero-competition radius for drugstores. Rite Aid has operated at this location since 2014, demonstrating a proven track record of success. The asking price is $1,266,000, translating to $177.71 per square foot. This represents a below-market rent, providing a substantial cushion for long-term occupancy and the potential for increased rental income in the future. This is a rare chance to acquire a high-performing, net-leased asset in a thriving market.

    Property Features for 1201 Blair St

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,124 SF
    Class
    B

    Building Details

    Year Built
    1984

    HighLights

    • 7,124 SF freestanding building with drive‑thru.
    • 132 feet of frontage on Blair Street.
    • 20+ surface parking spaces.
    • High‑performing Rite Aid with exceptional profit margins.
    • Significantly below‑market rent, providing substantial rental upside.
    • Opportunity for future rental growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Pharmacy Kopp Drug Inc Pharmacy Dixon Ross W Pharmacy Rite Aid Drug Store Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollidaysburg
    County
    Blair
    State
    Pennsylvania
    Longitude
    -78.382526036831
    Latitude
    40.430539869765

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, NNN-leased Rite Aid
    Where is this individual retail property located?
    The property is located at 1201 Blair St Hollidaysburg, PA.
    What is the asking price?
    The asking price for this property is $1,266,000.
    What are key features of this property?
    This property features: 7,124 SF freestanding building with drive-thru.; 132 feet of frontage on Blair Street.; 20+ surface parking spaces.
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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
    1201 Blair St Hollidaysburg, PA 16648
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