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91 Central Ave 9,438 SF Retail Building Johnstown, PA 15902 $957,000 ($101.40/SF) 8% Cap Rate
Investment Highlights
- Recent 10-yr extension with 22.22% rent increase proves tenant commitment
- 19-year operating history at this location
- Corporately guaranteed lease from Family Dollar
- 8.00% cap rate with 10% rent bump in 2031 increasing cap rate to 8.80%
- Extremely healthy rent-to-sales ratio of 4.40%
- 3-mile population of 39,248; 5-mile population of 60,348 residents
Executive Summary
Kyle Matthews
License # RM423998, RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # RM423998, RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,438 SF
Building Class
B
Year Built
2007
Price
$957,000
Price Per SF
$101.40
Cap Rate
8%
NOI
$76,560
Tenancy
Single
Building Height
1 Story
Parking
10 Spaces (1.06 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 078-003865 | Improvements Assessment | $43,760 |
| Land Assessment | $22,000 | Total Assessment | $65,760 |
Property Taxes
Parcel Number
078-003865
Land Assessment
$22,000
Improvements Assessment
$43,760
Total Assessment
$65,760
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