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    Dollar General in Gallitzin, PA Title is generated by Realmo AI

    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:
    632
    Last Refresh:
    May 12 at 8:38 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

    HighLights

    • 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.
    • Strategic location near major highways (US‑22 and I‑99) providing easy access to Altoona and other cities.
    • Strong retail market in Johnstown with low vacancy rates (1.4% for general retail) and increasing rents, indicating a favorable investment environment.
    • Staple store for locals with 98,300 visitors visiting over 30 times in the last year.

    Overview

    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 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.**
    (267) 664-7118 Call to check price and availability
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