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996 Barn St 8,000 SF 4-Star Retail Building Hooversville, PA 15936 $632,250 ($79.03/SF) 7.75% Cap Rate
Investment Highlights
- Dollar General Location Build-to-Suit in 2014 | 8,000-SF on a Large +/-2.37-AC Parcel
- Minimal Landlord Responsibilities | Landlord is Responsible for Roof, Structure and Parking Lot | 29 Parking Spaces With Landscaped Exterior
- Boasts High Visibility Along the Main Road Through Downtown Hooversville | 15 Miles From Johnstown, PA The Largest City in Cambria County
- New 10-Year Double Net (NN) Lease with 10% Rental Increases in Each of Three, 5-Year Option Terms| Corporately Guaranteed Lease
- Corner Location With Easy Access From All Traffic Directions and Two Points of Ingress and Egress
- 30 Miles From Seven Springs Mountain Resort, an All Season Ski, Golf and Outdoor Sports Resort, Seeing Over 1 Million Annual Visitors
Executive Summary
Dollar General Location Build-to-Suit in 2014 | 8,000-SF on a Large +/-2.37-AC Parcel
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2014
Price
$632,250
Price Per SF
$79.03
Cap Rate
7.75%
NOI
$49,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.37 AC
Parking
30 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $6.12
- Double Net
- Oct 2030
Dollar General began in 1939 as a wholesale venture and later opened its first store in 1955, growing into a discount retail business focused on everyday essentials. The company sells food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, paper products, and seasonal items, and it also offers products online. Dollar General operates as a broad neighborhood retail chain with a presence across the United States and Mexico, serving shoppers through convenient store formats and an e-commerce channel.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $6.12 | Double Net | Oct 2030 |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 180003980 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $158,630 |
Property Taxes
Parcel Number
180003980
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$158,630
Contacts
-
Darpan Patel -
Dante Moretti -
Dan Yozwiak -
Sam Elyassaki -
Peter Sibicky -
Timothy Stephenson, Jr. -
Marcus & Millichap
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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996 Barn St
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