Current Use by Public Records
- Retail properties & Spaces
Property Details for 9343 Pa-61
- Year built
- 2023
- Lot size
- 1.18 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- NNN properties
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shamokin
- County
- Northumberland
- State
- Pennsylvania
- Longitude
- -76.5064
- Latitude
- 40.7891
