Building Details

Year Built 2009

Buildings 1

Stories 1

Units 1

Tenancy Single

Listing Agency: Horvath & Tremblay Show Phone

Listed By: Craig Dunkle · License #PA RS324418

Source: Crexi

Added: Sep 12, 2024 Changed: Aug 8 Last Checked: May 12 at 8:38PM

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Investment Insights

Based on property information with market context.

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.

Key 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.**

Property Analytics

Property Profile

Current Use

Dollar General Discount Store Travelers Insurance Insurance Agency Western Union Bank

Suggested Use

Top Pick Hair Salon (Bike/Boat/Book/etc) Store Nail Salon Big Box & Wholesale Store Spa & Massage Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

107

Businesses Nearby

4k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

4,335 visits/mo 0.0 miles

Demographics for 16641, PA

2,527

Population

1,135

Households

2.2

Avg Household Size

43

Median Age

19%

College-Educated

90%

High-School Grad

13.0 sq mi

ZIP Area

194

Density / Sq Mi

$63,558

Median Household Income

$41,402

Median Earnings

$685

Median Rent

$105,300

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

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.**