Galleria Shops - Gander Outdoors Anchored
For sale is the 100% fee-simple interest in Galleria Shops, a 116,097 SF nationally-anchored shopping center in Johnstown, Pennsylvania. The property is anchored by Gander Outdoors, who recently committed to a 10 year guaranteed lease in the property, along with Planet Fitness and a regional VA Outpatient Clinic. All three tenants have a least five years of history in the property in addition to staggered lease terms, which boosts the already conservative underwriting used. Additionally, one 12,542 SF space ideal for climate controlled warehouse or storage is available for lease and provides upside to the new owner. The property is situated on the pad of the Galleria Mall at the confluence of US Highway 219 and Galleria Drive. With over 1.4 million square feet of nationally-leased retail in this development, it has become the primary destination for over 130,000 people in the trade area. In addition to the subject shopping center, other tenants include Lowe’s, Home Depot, Ashley Homestore, Dunham’s, Tractor Supply, Staples, Boscov’s, JC Penney, Books a Million, Taco Bell, Red Lobster, Burger King, McDonald’s, Aldi, Applebee’s, Verizon, Perkins, Primanti Brothers, Sheetz, and more.