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Discount

Shoe Dept. Encore | New 10-Year Lease

1501 Scalp Ave, Johnstown, PA 15904

Listing Price: $2,205,000

Cap Rate
7.25%
Tenant Name
Shoe Show, Inc.
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
10,908
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.67

Investment Overview

The subject property is a net-leased Shoe Dept. Encore located at a prominent four-way signalized intersection in Johnstown, Pennsylvania. The property benefits from excellent visibility and exposure along Scalp Avenue, one of the city's primary commercial corridors. It is also strategically situated directly across from Conemaugh East Hills Outpatient Center, a key facility within the Conemaugh Health System, the region's largest healthcare provider, which helps drive consistent traffic to the area.

Investment Highlights

  • New 10-year Lease
  • Large 1.36-acre Parcel
  • One of the Nation's Largest Family Footwear Retailers
  • Tenant Relocated from Inline Space at the Shopping Center Behind the Site

Broker of Record

  • Timothy B. Stephenson Jr

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Discount

Shoe Dept. Encore | New 10-Year Lease

Listing Price: $2,205,000

Cap Rate
7.25%
Tenant Name
Shoe Show, Inc.
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
10,908
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.67

Investment Highlights

  • New 10-year Lease
  • Large 1.36-acre Parcel
  • One of the Nation's Largest Family Footwear Retailers
  • Tenant Relocated from Inline Space at the Shopping Center Behind the Site

Investment Overview

The subject property is a net-leased Shoe Dept. Encore located at a prominent four-way signalized intersection in Johnstown, Pennsylvania. The property benefits from excellent visibility and exposure along Scalp Avenue, one of the city's primary commercial corridors. It is also strategically situated directly across from Conemaugh East Hills Outpatient Center, a key facility within the Conemaugh Health System, the region's largest healthcare provider, which helps drive consistent traffic to the area.

Broker of Record

  • Timothy B. Stephenson Jr

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

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