151 Southmont Blvd
Johnstown,
PA
15906
Property Details
| List Price: |
$100,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
-- |
| Agency: |
Keller Williams of Central Pa East |
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Description/Comments
| Lot Size: |
-- |
| Property Type: |
Commercial |
| Year Built: |
1960 |
| Notes: |
AUCTION - Bidding Start July 8, 2024 at 12:00pm<br />
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.<br />
<br />
Non-Contingent<br />
<br />
Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price<br />
<br />
Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum<br />
<br />
$10,000 Participation Deposit<br />
<br />
151 Southmont Blvd, Johnstown, PA 15905<br />
<br />
Investment Highlights<br />
NN Lease that Expires 12/31/2031<br />
<br />
9,000 SF Building adjacent to ample municipal parking<br />
<br />
Located 57 Miles East of Pittsburgh<br />
<br />
Billboard provides an additional $300 annually<br />
<br />
Retail visits in area up by 3% according to placer AI.<br />
<br />
Between 4000 and 8000 cars per day<br />
<br />
Tenant Reimburses taxes over base amount.<br />
<br />
Over 20,000 population in 1 mile radius<br />
<br />
$47K median income and growing! |
| MlsNumber: |
PACA2000560 |
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| Listing Provided By: |
Keller Williams of Central Pa East, original listing |
| Name: |
Keller Williams of Central Pa East |
| Phone: |
(717) 657-4700 |
| Office Name: |
Keller Williams Realty |
| Office Phone: |
(717) 657-4700 |
| Agent Name: |
Bob Langton |
| Disclaimer: |
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
