616 Main St Gallitzin, PA 16641
- Outlet malls
- 0.56 lot acres
Current Use by Public Records
- Dollar General / Beauty Supply Store / Candy Store
- Travelers Insurance / Insurance Agency
- Western Union / Money Transfer Service
Property Details for 616 Main St
- Year built
- 2009
- Lot size
- 0.56 lot acres
- Property type
- Outlet malls
- APN
- 030 022755
- APU
- 30022755
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gallitzin
- County
- Cambria
- State
- Pennsylvania
- Longitude
- -78.5521
- Latitude
- 40.4808
- CBSA code
- 27780
- CBSA name
- JOHNSTOWN, PA METROPOLITAN STATISTICAL AREA
