14187 Clearfield Shawville Hwy - Retail FOR SALE


Clearfield, PA 16830
$3,040,000 USD
617-239-3600
14187 Clearfield Shawville Hwy, Clearfield, PA for Sale
$3,040,000 USD
Retail - FOR SALE
1/3
null | 6.25% Cap Rate

14187 Clearfield Shawville Hwy
Clearfield, PA 16830


HIGHLIGHTS

  • NEW CONSTRUCTION
  • NEW 10-YEAR LEASE & MINIMAL LANDLORD RESPONSIBILITIES
  • ATTRACTIVE RENTAL INCREASES
  • CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
  • LOCATED IN HIGH TRAFFIC CORRIDOR
  • DYNAMIC REGIONAL RETAIL CORRIDOR

OVERVIEW

Atlantic Capital Partners is pleased to present for sale the newly constructed Starbucks located along Clearfield Shawville Highway in Clearfield, Pennsylvania. The 2,516 SF store sits on a 1.44-acre parcel and is backed by a brand new 10-year NN lease with Starbucks Corporation, and the store has a projected opening date of Q4 2024. The lease generates $190,000 in annual base rent with scheduled 10% rent escalations in each option period, providing attractive built-in income growth. The asset is priced at $$3,040,000, reflecting a 6.25% cap rate. Strategically positioned along PA Route 879 (13,025 VPD) and directly off I-80 (24,919 VPD), the property benefits from excellent visibility and access, capturing both local and regional traffic. The offering provides investors the opportunity to acquire a high-quality asset featuring new construction, a limited landlord responsibilities (roof & structure only), and durable cash flow secured by a premier national tenant.

FOR SALE DETAILS

PRICE

$3,040,000 USD

PRICE/SF

$411 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

Commercial

APN/PARCEL ID

1230L0700000033

ASK ABOUT THIS PROPERTY

Danny GriffinAtlantic Capital PartnersMore Info
617-239-3600

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Danny GriffinAtlantic Capital PartnersMore Info
617-239-3600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.