5992 Us-322 Reynoldsville, PA 15851
- Retail properties
- 13,000 SF
- 2.02 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5992 Us-322
- Year built
- 2001
- Lot size
- 2.02 lot acres
- Property size
- 13,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 13,000 square foot, net-leased storefront occupied by Goodwill Industries of North Central PA. Located at 5992 US-322 in Reynoldsville, Pennsylvania (Jefferson County, zip code 15851), this property sits on a 2.02-acre lot. The building, constructed in 2001, benefits from a brand new ten-year lease commencing February 1, 2022, and expiring January 31, 2032, leaving approximately 7.2 years remaining. The lease is a single-tenant, net (NN) lease with minimal landlord responsibilities. The current asking price is $1,100,000, representing a price per square foot of $84.62 and a 6.23% cap rate based on a current Net Operating Income (NOI) of $68,512. The lease includes a $7,200 annual rent bump and a five-year option to extend. Goodwill recently expanded to occupy the entire building, demonstrating the success of this location. The property's parking lot was repaved in June 2022. The lease is guaranteed by Goodwill Industries of North Central PA. The property serves a population of 19,501 within a five-mile radius. This is a strong, stable investment with a proven tenant and significant remaining lease term.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reynoldsville
- County
- Jefferson
- State
- Pennsylvania
- Longitude
- -78.8628
- Latitude
- 41.0868
