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Dollar General 134 Path Valley Rd 9,226 SF Retail Building Fort Loudon, PA 17224 $1,113,000 ($120.64/SF) 7.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • High Foot Traffic: 181,900 visits in the last 12 months, a 39.5% increase from 2021
  • Strong Lease Terms: NNN Lease extended to November 30th, 2030, with a 4.7% rent increase on December 1st, 2025
  • Ample Parking: 27 surface parking spaces and 273 feet of frontage on Path Valley Road
  • Prime Location: Just 1 mile from US-30 and near major highways I-76 and I-81
  • Rising Rents: Rents have increased by 2.4% over the past year, now averaging $13.70/SF

EXECUTIVE SUMMARY

Scope Commercial Real Estate Investment Services is pleased to exclusively present for sale the Dollar General at 154 Path
Valley Road, Fort Loudan, PA. This local Dollar General serves as a staple store for locals to shop for every day. According to
Placer.ai, the subject property has had 181,900 visits over the last 12 months, a 39.5% increase from 126,900 visits in 2021.
Of the 181,900 visits, 87,300 visitors visited over 30 times in the last year. Additionally, Placer.ai ranks the subject property in
the Top 5 Dollar Generals within 15 miles, placing it in the 60th percentile.
The property features a Gross Leasable Area (GLA) of 9,226 square feet and was built to suit in 2010 in the downtown area of
Fort Loudan, PA. It offers 27 surface parking spaces, providing a parking ratio of 2.93 spaces per 1,000 square feet. The property
has 273 feet of frontage on Path Valley Road and sits on a 1.14-acre lot. The lease is a NNN with the landlord responsible for
the roof, structure, and capital expenditures, and reimbursed for common area maintenance. The lease was extended early
by 5 years in February of 2023, with a new expiration date of November 30th, 2030, leaving 7 years and 1 months of term
remaining. There will be a built-in rent increase of 4.7% on December 1st, 2025.
Traffic counts in the area are as follows: Path Valley Rd/Mullen St at 2,800 vehicles per day, Main St/Mill St at 700 vehicles per
day, Lincoln Way W/Rosenberry Dr at 5,800 vehicles per day, and Rosenberry Drive/Rosenberry Dr at 5,400 vehicles per day.
Fort Loudon, PA, is approximately 14 miles from Chambersburg, PA, where most large retailers are located such as, Giant,
Target, Staples, Five Below, Kohls, Walmart, Lowe’s, Chick-Fil-A, and Chipotle. The subject property is conveniently situated
near major highways, making travel easy and accessible. Just 1 mile from US-30 with a combined VDP of 6,051, providing a
direct route to Chambersburg and other nearby towns. Additionally, I-76 and I-81 are about 20 miles south and 15 miles east
respectively, connecting Fort Loudan to Harrisburg, Pittsburgh, and Hagerstown Maryland. This strategic location ensures that
residents and visitors can enjoy the charm of a small town while having quick access to major roadways.
Fort Loudon, PA, is a small community in Franklin County known for its historical significance and proximity to major highways.
The town has a population of 6,681 within 5 miles, and 23,375 within 10 miles. The average household income is $73,935
within 5 miles and $81,227 within 10 miles.
The Chambersburg-Waynesboro retail market is showing resilience, with a current vacancy rate of 8.0%, slightly down from
last year. General retail buildings have a notably low vacancy rate of 1.6%, indicating strong demand for these properties.
Rents have increased by 2.4% over the past year, now averaging $13.70 per square foot, reflecting a healthy market trend.
Sales activity remains steady, with 9 transactions totaling $5.2 million in the past year. The lack of new construction reduces
competition, enhancing the value of existing properties. The total market inventory stands at 7.3 million square feet.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,226 SF
Building Class
C
Year Built
2010
Price
$1,113,000
Price Per SF
$120.64
Cap Rate
7.75%
NOI
$86,241
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.14 AC
Zoning
C - Commercial
Parking
27 Spaces (2.93 Spaces per 1,000 SF Leased)
Frontage
273’ on Path Valley Road

AMENITIES

  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 9,226 SF
  • $9.35
  • Triple Net
  • Nov 2030

DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 9,226 SF $9.35 Triple Net Nov 2030

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-0K04-160-000000
Land Assessment
$4,150
Improvements Assessment
$67,450
Total Assessment
$71,600
  • Listing ID: 33156096

  • Date on Market: 9/12/2024

  • Last Updated:

  • Address: 134 Path Valley Rd, Fort Loudon, PA 17224

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