1201 Blair St - Drug Store FOR SALE


Hollidaysburg, PA 16648
$1,085,000 USD
818-579-0652
1201 Blair St, Hollidaysburg, PA for Sale
$1,085,000 USD
Drug Store - FOR SALE
1/4
null | 7% Cap Rate

1201 Blair St
Hollidaysburg, PA 16648


HIGHLIGHTS

  • Corporate guaranteed lease - Backed by Giant Eagle, a $11.5B revenue regional powerhouse ranked #42 on Forbes America's Top Private Companies 2024
  • Recently Converted Location - Former Rite Aid repositioned under the Giant Eagle Pharmacy banner, signaling tenant's long-term commitment and expansio
  • Above Market Rent Escalations - Rent increases by 10% every 3 years instead of the traditional 5 years
  • Affluent Trade Area - Average household income of nearly $98,000 within a 3-mile radius. Well above state and national averages.

OVERVIEW

Exclusive Realty is proud to present a rare opportunity to acquire a corporate-guaranteed Giant Eagle Pharmacy in Hollidaysburg, Pennsylvania. This property was recently converted from Rite Aid, part of Giant Eagle’s ongoing growth strategy and investment in key regional markets. The lease is absolute NNN with zero landlord responsibilities and built-in 10% rent escalations every three years, providing both stability and long-term income growth. With over $11.5 billion in annual revenue, Giant Eagle is one of the largest privately held companies in the U.S., offering investors the security of a financially strong tenant. Located in an affluent trade area with household incomes approaching $100,000, this property serves as an essential healthcare hub for the surrounding community. As a necessity-based, pharmacy-driven asset, it offers recession-resistant performance and enduring consumer demand. This is a turnkey investment opportunity ideal for investors seeking a stable, income-producing property backed by a dominant regional operator with deep community roots.

FOR SALE DETAILS

PRICE

$1,085,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Giant Eagle Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

Commerical

APN/PARCEL ID

11-00014512

ASK ABOUT THIS PROPERTY

Sam WessonExclusive RealtyMore Info
818-579-0652

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Sam WessonExclusive RealtyMore Info
818-579-0652

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.