134 Path Valley Rd Fort Loudon, PA 17224
- Retail space
- 1.14 lot acres
Current Use by Public Records
- Redbox / Movie Rental Kiosk / Dvd Store
- Dollar General / Discount Store / Drug Store
- Western Union / Money Transfer Service
Property Details for 134 Path Valley Rd
- Lot size
- 1.14 lot acres
- Property type
- Retail space
- APN
- 18-K4-160
- APU
- 18K4160
Description
This exceptional investment opportunity presents a 9,226 square foot Dollar General store located at 134 Path Valley Rd, Fort Loudon, PA 17224. The property, built in 2010, sits on a 1.14-acre lot with 27 parking spaces and boasts a strong location near major highways (US-30, I-76, I-81). Currently operating under a NNN lease with a credit-rated corporate tenant, the lease extends to November 30, 2030, with two five-year options. The lease includes a 5% rent bump in 2025 and at each option renewal. The property shows exceptional performance, with a current NOI of $86,241 and a pro-forma NOI of $90,553, resulting in a 7.60% cap rate and a pro-forma cap rate of 7.98%. The asking price is $1,135,000, translating to $123.02 per square foot. The property is classified as a Class C retail building with a single tenant and 100% occupancy since December 1, 2020. The strong tenant, favorable lease terms, and prime location make this a compelling investment opportunity in a resilient retail market. The Chambersburg-Waynesboro retail market exhibits a low vacancy rate of 8.0%, with general retail buildings at a mere 1.6% vacancy. Rents have seen a 2.4% increase in the past year, averaging $13.70 per square foot. The property benefits from high traffic counts on nearby roads, including over 5,800 vehicles per day on Lincoln Way W/Rosenberry Dr. The surrounding area has a population of 6,681 within 5 miles and 23,375 within 10 miles, with average household incomes of $73,935 and $81,227 respectively. This Dollar General has experienced significant foot traffic, recording 181,900 visits in the past 12 months, a 39.5% increase from the previous year. The property's zoning is commercial, and its APN is 18-0K04-160-000000.
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
- Fort Loudon
- County
- Franklin
- State
- Pennsylvania
- Longitude
- -77.91
- Latitude
- 39.9171
- CBSA code
- 16540
- CBSA name
- CHAMBERSBURG, PA MICROPOLITAN STATISTICAL AREA
