NNN Dollar General 616 Main St 9,014 SF Retail Building Gallitzin, PA 16641 $1,135,454 CAD ($125.97 CAD/SF) 8% Cap Rate

SCOPE Commercial Real Estate Services is pleased to exclusively present for sale a triple-net Dollar General at 616 Main Street, Gallitzin, PA. This local Dollar General serves as a staple store for locals to shop for every day. According to Placer.ai, the subject property has had 163,000 visits over the last 12 months, a 7.7% increase from 154,900 visits in 2021. Of the 163,000 visits, 98,300 visitors visited over 30 times in the last year. Additionally, Placer.ai ranks the subject property in the Top 10 Dollar Generals within 15 miles, placing it in the 62nd percentile.
The property features a Gross Leasable Area (GLA) of 9,014 square feet and was built to suit in 2009 in the downtown area of Gallitzin, PA. It offers 32 surface parking spaces, providing a parking ratio of 3.55 spaces per 1,000 square feet. The property has 151 feet of frontage on Main Street and sits on a 0.56-acre lot. It is in a high walking traffic area section of town. The lease is a NNN with the landlord responsible for the roof, structure, and capital expenditures, and reimbursed for common area maintenance. The lease was extended early by 6 years on July 22nd, with a new expiration date of June 30th, 2030, leaving 6 years and 7 months of term remaining. A new roof coating was installed in 2022 with a 20-year warranty.
Traffic counts in the area are as follows: Forest St/Oak St at 2,400 vehicles per day, South Main Street/Main St at 1,200 vehicles per day, Forest Street/Saint Mary’s St at 2,600 vehicles per day, and Tunnelhill Street/Bradley St at 2,000 vehicles per day.