1759 Goucher St
Johnstown, PA 15905
Rite Aid · Retail Property For Sale

CBRE is pleased to exclusively present for sale this 10,908 square foot Rite Aid property situated at the entrance of Westmont Shopping Center in Johnstown, PA. There are 3 years remaining in the initial 20 year lease term with four, five year options to renew with rental increases. This is a double net lease structure with minimal landlord responsibilities or expenses. The lease is corporately guaranteed by Rite Aid, rated B by Standard & Poor's. This subject property was built in 1999 and is situated on a 1.18 acre parcel at the signalized corner of Goucher Street and Plaza Drive with over 17,000 vehicles traveling by daily. Rite Aid sits at the entrance of the Westmont Shopping Center, with tenants including Dollar Tree, McDonald's, Burger King, Hallmark, Fine Wine & Good Spirits, and GNC. This the only drug store property within 4 miles, with no Walgreens stores within a 30 mile radius. The immediate area boasts strong demographics with 5,334 people within 1 mile of the property, 34,363 within 3 miles and 53,137 within 5 miles. Additional surrounding national tenants include Eat'n Park, Dollar General, Goodwill, Monro Muffler and Dairy Queen. Located 43 miles from Altoona and 67 miles from Pittsburgh, Johnstown is a city in Cambria County Pennsylvania and part of the Johnstown MSA.