For Auction
13% Cap Rate! | Johnstown Plaza (Johnstown, PA) | Value-Add Retail Center
Johnstown, PA 15904Represented by
Friedman Real Estate
Asset Snapshot
Offering Summary
Investment Highlights
- Prime Regional Retail Hub in Johnstown: ±117,000 SF retail center sits directly adjacent to the Johnstown Galleria shopping hub
- National Credit Anchors Drive Foot Traffic: Planet Fitness and the VA Clinic anchor the center, providing durable national tenancy
- ±117,000 SF Multi-Tenant Retail Center: Situated on 12.77 acres with approximately 104,000 SF occupied across three anchor tenants
- Stable, Well-Covered In-Place Cash Flow: Generates more than $614,000 of current in-place net operating income for investors today
- Immediate Value-Add Upside Through Lease-Up: ±13,000 SF of remaining vacant space offers investors a clear runway to grow in-place NOI further
- Diverse, Recession-Resistant Tenant Mix: Fitness, healthcare, and furniture uses reduce reliance on any single retail category
Property Overview
RealINSIGHT Marketplace, in partnership with Friedman Real Estate, is pleased to present a Planet Fitness, Veterans Affairs Clinic, and Park Home Furniture anchored retail property located in Johnstown, Pennsylvania. The asset totals approximately 117,000 square feet on 12.77 acres and is currently 89% occupied, with 104,000 square feet leased and 13,000 square feet available for lease-up. The property generates more than $614,000 of in-place net operating income, anchored by a durable mix of national and regional tenants spanning fitness, healthcare, and furniture retail uses. Planet Fitness and the Veterans Affairs Clinic provide strong, traffic-generating national and credit tenancy, while Park Home Furniture is a long-standing regional operator serving the surrounding trade area. The remaining 13,000 square feet of vacancy offers investors a clear path to increase cash flow through lease-up. Positioned adjacent to The Johnstown Galleria retail node and near the interchange of U.S. Route 219 and PA Route 56, the property benefits from strong regional access and a well-established retail trade area, creating a compelling opportunity for investors seeking a cash-flowing asset with upside.
Location Prose
Located in Johnstown, the largest city in Cambria County, the property sits adjacent to The Johnstown Galleria, a primary regional shopping destination near Boscov's, Home Depot, and Lowe's. It offers convenient regional access at the interchange of U.S. Route 219 and PA Route 56, roughly a 5-minute drive from downtown Johnstown and the surrounding trade area.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
