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    FOR SALE
    Outlet malls

    616 Main St, Gallitzin, PA 16641

    0.56 ac lot Built 2009
    Entity Owned 10-yr Hold Absentee Owner Free & Clear
    Property ID
    US73-1411783
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 2009
    Lot 0.56 ac (24,348 SF)
    APN 030 022755
    UPID US73-1411783
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dollar General Discount Store
    • Travelers Insurance Insurance Agency
    • Western Union Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    S PARTNERS
    S PARTNERS
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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