5992 Rt 322
Reynoldsville, PA 15851

Marcus & Millichap is pleased to present 5992 Route 322, Reynoldsville, Jefferson County, Pennsylvania. The subject property is a fully leased two tenant retail asset situated on just over two acres along Route 322 in Reynoldsville, Pennsylvania. Of the total 12,488 square feet, 8,000 are occupied by Dollar General while the remaining 4,488 square feet are occupied by Goodwill. This property can be purchased along with 52 Juniata Avenue, Huntingdon, PA (Occupied by Hunterdon County Child & Adult Development Organization) for the asking price of $280,000. The Dollar General tenant, a leading retailer in the discounted merchandise space with over 13,000 stores across the United States, is currently in their first five year option with two options remaining and is operating under a NN lease basis. There is a 6.57% rent increase in the second five year option and a 6.25% increase in the third five year option. Dollar General has been operating out of this location since 2001. The Goodwill tenant, an American nonprofit 501(C)(3) which funds job training and employment through the sale of donated goods with a more than 110 year track record, is currently operating on a gross lease basis at this location and has been occupying this same space since October of 2002. An investor looking to acquire a stabilized asset with a history of long-time occupancy should look to add 5992 Route 322 to their portfolio. The asking price of $775,000 represents a 9.46% cap rate.