151 SOUTHMONT BLVD, JOHNSTOWN, PA 15906

ONLINE AUCTION - Bidding Start July 8, 2024 at 12:00pm 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.Non-ContingentEarnest Money Deposit: Greater of $20,000 or 10% of the Purchase PriceMarketing Fee: 5% of the Winning Bid Amount, $20,000 minimum$10,000 Participation Deposit151 Southmont Blvd, Johnstown, PA 15905Investment HighlightsNN Lease that Expires 12/31/20319,000 SF Building adjacent to ample municipal parkingLocated 57 Miles East of PittsburghBillboard provides an additional $300 annuallyRetail visits in area up by 3% according to placer AI.Between 4000 and 8000 cars per dayTenant Reimburses taxes over base amount.Over 20,000 population in 1 mile radius$47K median income and growing!