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34527794
34527795

1501 Scalp Avenue, Johnstown, PA 15904 For Sale

BS
CA CA 01239109
Marcus & Millichap - San Francisco
RW
CA CA 01815949, NV NV: S.0201770
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco
$2,205,000
5 days on market
Updated 5 days ago

Shoe Dept. Encore | New 10-Year Lease

Details
Property Type Retail
Sub Type Retail
Square Footage 10,908
Net Rentable (SqFt) 10,908
Units 1
Cap Rate 7.25%
NOI $160,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 06/30/2036
Remaining Term 9.9
Rent Bumps Yes
Lease Options Two, 5-Year
Acreage 1.300
Investment Type Net Lease
Lease Commencement 12/19/2025
Ground Lease No
Ownership Fee Simple

One of the Nation’s Largest Family Footwear Retailers

Marketing description

Marcus & Millichap is pleased to present this Net Lease investment opportunity featuring Shoe Dept. Encore in Johnstown, Pennsylvania. This single-tenant retail property is occupied by Shoe Show, Inc., one of the nation's largest family footwear retailers with over 1,000 locations across 47 states.

The property is strategically situated at a major 4-way signalized intersection along Scalp Avenue, one of Johnstown's main thoroughfares, providing excellent visibility and access. The location benefits from proximity to Conemaugh East Hills Outpatient Center, part of the region's largest healthcare provider, and the University of Pittsburgh at Johnstown. The property is positioned within a thriving retail corridor surrounded by established national tenants including Giant Eagle, Sheetz, Ollie's Bargain Outlet, and numerous other retailers and restaurants.

Investment highlights

  • New 10-year Lease
  • Large 1.36-acre Parcel
  • One of the Nation's Largest Family Footwear Retailers
  • Tenant Relocated from Inline Space at the Shopping Center Behind the Site

Listing Contacts

BS
CA CA 01239109
Marcus & Millichap - San Francisco
RW
CA CA 01815949, NV NV: S.0201770
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$160,000.00
$13,333.33/mo

Valuation Metrics

0
DSCR
7.26%
Cap Rate
7.26%
ROI

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Additional Information

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