Dollar General - Gallitzin 616 Main St

Scope Commercial Real Estate Investment Services is pleased to exclusively present for sale the 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.
Gallitzin, PA, is approximately 13 miles from Altoona, PA, where most large retailers are located, such as Ross Dress for Less,
Target, Staples, Dick’s Sporting Goods, Macy’s, Walmart, Lowe’s, Dunkin, and Walgreens. The subject property is conveniently
situated near major highways, making travel easy and accessible. Just 5 miles south lies US-22 with a combined VDP of 23,654,
providing a direct route to Altoona and other nearby towns. Additionally, I-99 is about 10 miles east, connecting Gallitzin to
larger cities like State College and Bedford. This strategic location ensures that residents and visitors can enjoy the charm of a
small town while having quick access to major roadways.
Gallitzin, PA, is a small borough in Cambria County known for its rich railroad history. The borough has a population of 10,438
within 5 miles, and 97,376 within 10 miles. The average household income is $76,700 within 5 miles and $73,700 within 10
miles.
The Johnstown retail market is flourishing, with a current vacancy rate of 3.4%, down from 6.4% last year. General retail
buildings have an even lower vacancy rate of 1.4%, showing strong demand for properties like Dollar General. Rents have
increased by 1.6% over the past year, averaging $12.60 per square foot. This upward trend indicates a growing market, making
the property a solid investment. Sales activity is robust, with 20 transactions totaling $11.4 million in the past year. No new
construction means less competition, and the total market inventory stands at 7.7 million square feet.