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111 Luther Rd
Johnstown, PA 15904

$640,000 USD

Auto Repair For Sale  •  4,960 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 4,960 SF
  • Lot Size 0.48 AC
  • Building Class C
  • Year Built 1989
  • Cap Rate 6.25 %
  • Tenancy Single
0 Transit Score
63 Walk Score

Highlights

Monro operated through their original lease and option periods and just signed a brand new 10-year lease at this location
Monro has been at this location for 35 years and has demonstrated their commitment to this successful store through another long-term lease
The lease calls for a 10% rental increase in year 5 and a 30% rental increase in the option period
Low rent of only $40,000 presents as an attractive investment opportunity
The site is also .5 miles from Route 219 (30,536 VPD).
Cap Rate: 6.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Monro Muffler Brake & Service 4,960 SF 9/30/2034

Amenities

  • Pylon Sign
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Johnstown Amtrak Station (Pennsylvanian - Amtrak) 10 min - 5.1 mi
AirportDriveWalkDistance
Arnold Palmer Regional 59 min - 39.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Matthew Gorman 215-603-6914 CBRE, Inc.
Matthew Gorman 215-603-6914 CBRE, Inc.