Johnstown Plaza | 13% Cap Rate, 13K SF Lease-Up Upside

Highlights:

• ±117,000 SF Multi-Tenant Retail Center: Situated on 12.77 acres with approximately 104,000 SF occupied across three anchor tenants.
• Strategic Location Beside Johnstown Galleria: The center sits directly adjacent to Johnstown Galleria, a primary regional shopping destination.
• National Credit Anchors Drive Foot Traffic: Planet Fitness and the VA Clinic anchor the center, providing durable national tenancy.
• 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.

Description:

For more information visit:
https://rimarketplace.com/auction/3402/retail/johnstown/pa?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=october21_2026&utm_content=retail_3402


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
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.


Bidding Opens
Oct 20 12:00 AM
Bidding Closes
Oct 22 12:00 AM

Documents: