Remarks

ONLINE AUCTION - Bidding Start July 8, 2024 at 12:00pm
Located at 151 Southmont Blvd, Johnstown, PA 15905, the Dollar General Johnstown, PA property offers a rare investment opportunity with a single tenant NN lease expiring in 2031. With a 9,000-square-foot brick building strategically situated in a high-traffic area near residential neighborhoods and a university campus, this property is an income-producing asset. Dollar General, a strong and reliable tenant, recently extended its lease until 2031, with responsibilities including minor repairs, snow removal, and participation in Dollar General's National Insurance Program. An on-site billboard generates additional annual income, adding to the property's appeal. Positioned in a bustling retail hub with over 8,500 residents within a one-mile radius and surrounded by well-known credit tenants like McDonald's and CVS, this opportunity offers stability and potential for long-term success in a commercially vibrant area. Don't miss the chance to invest in this prime retail property at 151 Southmont Blvd, Johnstown, PA 15905.

Non-Contingent

Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price

Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum

$10,000 Participation Deposit

151 Southmont Blvd, Johnstown, PA 15905

Investment Highlights
NN Lease that Expires 12/31/2031

9,000 SF Building adjacent to ample municipal parking

Located 57 Miles East of Pittsburgh

Billboard provides an additional $300 annually

Retail visits in area up by 3% according to placer AI.

Between 4000 and 8000 cars per day

Tenant Reimburses taxes over base amount.

Over 20,000 population in 1 mile radius

$47K median income and growing!

Details

MLS#: PACA2000560
Price: $100,000

Year Built: 1960

County: CAMBRIA
Tax Fee: 100001.0