590-594 Galleria Dr - Storefront Retail/Office FOR SALE


Johnstown, PA 15904
$3,750,000 USD
586-200-0041
590-594 Galleria Dr, Johnstown, PA for Sale
$3,750,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 12.07% Cap Rate

590-594 Galleria Dr
Johnstown, PA 15904


HIGHLIGHTS

  • Center is occupied by 3 Nationally Recognized Retailers
  • Close Proximity to Home Depot, Lowes, Ashley Furniture, Tractor Supply, JCPenney, Bosco’s, Maurice's, Park Home, McDonalds, Red Lobster, ALDI, Applebe
  • Site is 1 Mile from Pepsi-Cola Packaging & Bottling Facility
  • Upcoming lease expirations on Naked Leases allow buyers to renegotiate new terms with Dunhams and Staples
  • Site is located Directly off Interstate-219 (20K+ Vehicles Per Day) Exit allowing convenient access

OVERVIEW

AMC Real Estate Investment Services is pleased to present a prime investment opportunity: a fully occupied, NNN 3-tenant retail center located at 590 Galleria Dr, Johnstown, PA 15904. This property boasts an attractive 11.31% cap rate with a stable tenant base, long-term lease histories, and minimal landlord responsibilities. Situated on a 5.66-acre lot with a 61,968 SF building, this retail center is positioned in a high-traffic corridor with over 15,000 vehicles per day, benefiting from strong consumer activity. The property is anchored by nationally recognized tenants—Staples, Verizon, and Dunham’s Sports—with Dunham’s and Staples operating at this location for over 30 years, demonstrating a strong commitment to the site. Located in an affluent area with average household incomes exceeding $95,000 within a 3-mile radius, the property is just 2 miles from the University of Pittsburgh at Johnstown, further increasing foot traffic and local demand. With reliable rental income and an established retail presence, this offering presents a compelling opportunity for investors seeking a high-yield, low-maintenance asset in a thriving retail market.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$61 USD /SF

CAP RATE

12.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

315

LAND DETAILS

LAND ACRES

5.66 AC

LAND SF

246,550 SF

ZONING

Commercial

APN/PARCEL ID

050-116616

ASK ABOUT THIS PROPERTY

Corbin MontpasAMC Real Estate Investment ServicesMore Info
586-200-0041

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Corbin MontpasAMC Real Estate Investment ServicesMore Info
586-200-0041

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