111 Luther Rd Johnstown, PA 15904-2760
Property profile & analytics
111 Luther Rd Johnstown, PA 15904-2760
- Auto shops
Property ID
US73-1363927
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Monro Auto Service And Tire Centers / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 111 Luther Rd
- Property type
- Auto shops
- APN
- 050 115411
- APU
- 50115411
Description
This exceptional investment opportunity presents a 4,960 square foot Monro Auto Service and Tire Centers location in Johnstown, PA. Situated on a 0.48-acre lot at a signalized intersection with over 22,000 vehicles per day, this property boasts unparalleled visibility and accessibility. The single-story, 1989-built building is currently operating under a brand new 10-year absolute NNN lease (commencing October 1, 2024, and expiring September 30, 2034), offering a strong 9.8 years of remaining lease term. The lease includes a 10% rent increase in year five and a 1x5-year lease option. The tenant, Monro, Inc., a publicly traded company since 1991, has operated at this location for 35 years, demonstrating a long-term commitment to the site. The property generates a Net Operating Income (NOI) of $40,000, resulting in a 6.25% cap rate. The asking price is $640,000, translating to $129.03 per square foot. This location benefits from its position within a vibrant retail corridor, surrounded by national brands like McDonald's, CVS, and Taco Bell, serving a dense population with average household incomes exceeding $77,000 within a five-mile radius. This is a fee-simple ownership opportunity with minimal landlord responsibilities, offering a compelling blend of stability, strong tenant history, and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $415,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Johnstown
- County
- Cambria
- State
- Pennsylvania
- Longitude
- -78.859
- Latitude
- 40.4188
- CBSA code
- 27780
- CBSA name
- JOHNSTOWN, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,672
$4,400
$13,300
$17,700
-
$4,400
$13,300
$17,700
