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32288974

1515 SHOEMAKER ST, NANTY GLO, PA 15943-1261

DH
FL SL3301193
Marcus & Millichap
Listed by Marcus & Millichap
$469,028
30 days on market
Updated 30 days ago

Dollar General

Details
APN 42-001. -101.002
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 10,000
Net Rentable (SqFt) 10,000
Units 1
Cap Rate 8.75%
NOI $41,040
Tenancy Single
Lease Term 31.1
Lease Expiration 08/31/2030
Remaining Term 4.2
Lease Options Two-Five Year Options
Price per SqFt $47
Year Built 1999
Acreage 1.300
Lease Commencement 08/01/1999
Ground Lease No

Dollar General | High Cap Rate | Low Price Point

Marketing description

  • 4+ Years Remaining
  • 10,000 Square Foot Store
  • Low Price Per Foot & High Cap Rate

Investment highlights

This Dollar General is located at 1515 Shoemaker Street in Nanty Glo, Pennsylvania.

The subject property is a 10,000 square-foot building that was constructed in 1999. There are currently 4.4years remaining on the lease agreement, which expires on August 31, 2030. There are two, five-year options remaining, both with 10% rental increases. The Double Net lease structure calls for the tenant to reimburse the landlord for the cost of taxes and insurance and pays $5,230 annually for common area maintenance. The landlord is responsible for the roof, structure of the building and parking lot.

This site is positioned along Shoemaker Street, which sees more than 5,528 vehicles per day and has 10,112residents living within a 5-mile radius. The city of Nanty Glo is located in west-central Cambria County,Pennsylvania, and sits 7 miles east of Ebensburg and 12 miles southwest of Johnstown.

Listing Contacts

DH
FL SL3301193
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$41,040.00
$3,420.00/mo

Valuation Metrics

0
DSCR
8.75%
Cap Rate
8.75%
ROI

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Additional Information

Name
Tim Stephenson
License
RMR006104
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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