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616 Main St 9,014 SF Retail Building Gallitzin, PA 16641 $825,000 ($91.52/SF) 7.97% Cap Rate
Investment Highlights
- Corporate Dollar General lease guarantee
- Passive NNN investment structure
- Freestanding single-tenant retail building
- Scheduled rent increases during renewal options
- Attractive going-in yield
- Recent interior store renovations completed by tenant
Executive Summary
Landmark Commercial Realty is pleased to exclusively offer for sale a corporately guaranteed Dollar General investment opportunity. This freestanding retail property is leased to Dollar General with future renewal options and scheduled rent increases. The tenant has demonstrated a strong commitment to the location through an early lease extension and recent store improvements. Supported by a passive investment structure (minus roof/structure), recent capital upgrades, and the strength of one of the nation's leading discount retailers, this offering provides stable cash flow and long-term investment security.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
C
Year Built
2008
Price
$825,000
Price Per SF
$91.52
Cap Rate
7.97%
NOI
$65,779
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.56 AC
Zoning
Commercial - Commercial
Parking
30 Spaces (3.55 Spaces per 1,000 SF Leased)
Frontage
151’ on Main Street
Amenities
- Pylon Sign
- Security System
- Signage
- Air Conditioning
- Awning
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 030-022755 | Improvements Assessment | $85,040 |
| Land Assessment | $4,570 | Total Assessment | $89,610 |
Property Taxes
Parcel Number
030-022755
Land Assessment
$4,570
Improvements Assessment
$85,040
Total Assessment
$89,610
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