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    616 Main St Gallitzin, PA 16641

    Sponsored
    For Sale
    $870,000

    High-return retail investment. Strong tenant, long lease.

    Property size:
    9,014 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 9,014 square foot Dollar General store located at 616 Main St, Gallitzin, PA 16641. The property sits on a 0.56-acre lot with 32 parking spaces and boasts a 7.60% cap rate based on a Net Operating Income (NOI) of $66,150. The single-tenant, NNN lease with Dollar General commenced July 1, 2024, and extends to June 30, 2030, offering 5.6 years of remaining lease term with three (5-year) options, including a 5% rent bump at each option. Built in 2009, this Class C retail building features a 100% occupancy rate and benefits from a new roof coating installed in 2022, backed by a 20-year warranty. The property enjoys high visibility on Main Street with 151 feet of frontage and is situated in a high-traffic area, benefiting from proximity to major highways US-22 and I-99. The strong local market shows a low vacancy rate and increasing rents, further enhancing the investment potential. The asking price is $870,000, translating to $96.52 per square foot. Detailed traffic counts and demographic information are available upon request. This is a rare opportunity to acquire a stable, high-performing retail investment with a credit tenant and significant remaining lease term.

    Property Features for 616 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,014 SF
    Class
    C
    Lot Size
    24,394 SF

    Building Details

    Year Built
    2009
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 9,014 SF Dollar General; 0.56‑acre lot, 32 parking spaces.
    • Prime Gallitzin, PA location on Main Street, near US‑22 and I‑99.
    • NNN lease to Dollar General through 6/30/2030, with three 5‑year options and 5% rent bumps.
    • Strong Johnstown retail market; 3.4% vacancy, $12.60/SF average rent.
    • 2022 roof coating with 20‑year warranty.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Travelers Insurance Insurance Agency Western Union Money Transfer Service

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop Kitchen & Bath 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
    -78.551993840485
    Latitude
    40.480458330799

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    FAQs

    What type of property is this?
    Individual retail property - High-return retail investment. Strong tenant, long lease.
    Where is this individual retail property located?
    The property is located at 616 Main St Gallitzin, PA.
    What is the asking price?
    The asking price for this property is $870,000.
    What are key features of this property?
    This property features: 9,014 SF Dollar General; 0.56-acre lot, 32 parking spaces.; Prime Gallitzin, PA location on Main Street, near US-22 and I-99.; NNN lease to Dollar General through 6/30/2030, with three 5-year options and 5% rent bumps.
    Request Owner's contact information
    616 Main St Gallitzin, PA 16641
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    Gallitzin, PA 16641
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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
    616 Main St Gallitzin, PA 16641
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