590-594 Galleria Dr - Retail FOR SALE


Johnstown, PA 15904
$5,670,839 USD
586-718-7011
590-594 Galleria Dr, Johnstown, PA for Sale
$5,670,839 USD
Retail - FOR SALE
1/15
null | 8% Cap Rate

590-594 Galleria Dr
Johnstown, PA 15904


HIGHLIGHTS

  • Mark-to-Market & NNN Upside: In-place rents ~30%–50% below market; NNN rents estimated at $11–$14/SF
  • Recent 5-Year Extensions: All tenants recently extended, reducing rollover risk and stabilizing cash flow
  • Proven Tenant Longevity: Staples (33 years), Dunham’s Sports (27 years), Verizon (recent extension)
  • Strong Sales Performance: Dunham’s Sports reports annual sales exceeding $5 million
  • Landlord-Friendly Leases: Pass-through and fixed reimbursements provide predictable income and easy management

OVERVIEW

AMC Real Estate Investment Services is pleased to present this 100% occupied ±61,968 SF three-tenant power center located at 590 Galleria Drive, Johnstown, PA. Anchored by Dunham’s Sports and leased to Staples and Verizon, all tenants have recently executed 5-year lease extensions, providing stabilized cash flow and a ±5.1-year WALT. Staples has operated at the site for 32+ years, with Dunham’s Sports in its 27th year of occupancy, demonstrating long-term site durability. The property features rare US-219 frontage with exposure to 30,000+ VPD and signalized access at the Galleria Drive interchange (14,000+ VPD). In-place rents are 30%–50% below market, offering significant mark-to-market and NNN upside. Offered at an 8.0% cap rate, this is a stabilized, institutional-quality power center in a supply-constrained retail corridor.

FOR SALE DETAILS

PRICE

$5,670,839 USD

PRICE/SF

$92 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Storefront, Department Store

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

Angelo IacobelliAMC Commercial Real Estate Investment ServicesMore Info
586-718-7011

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Angelo IacobelliAMC Commercial Real Estate Investment ServicesMore Info
586-718-7011

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