3261 W College Ave - Convenience Store FOR SALE


State College, PA 16801
$3,809,524 USD
215-603-6914
3261 W College Ave, State College, PA for Sale
$3,809,524 USD
Convenience Store - FOR SALE
1/9
null | 5.25% Cap Rate

3261 W College Ave
State College, PA 16801


HIGHLIGHTS

  • Situated near Penn State’s main campus in "Happy Valley" with 88K+ students in one of PA’s top markets, just 35 miles from Sheetz HQ
  • Lease guaranteed by Sheetz, Inc., a $14B+ company ranked 27th on Forbes’ list of largest private firms
  • Built in 2021 on 5.67 acres, featuring a 6,077 SF store with drive-thru, car wash, beer/wine sales, and 24/7 service
  • Long-Term 15-year NNN ground lease (started May 2021) with 10% rent bumps in renewal options and 5% increase in year 10
  • Adjacent to luxury housing and major auto dealerships, enhancing traffic and complementary consumer activity.
  • Affluent, High-Traffic Area: Over 92K residents nearby, $134K+ avg. HHI within 1 mile, and 11,700+ daily vehicle traffic at the site.

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 6,077 SF Sheetz property located in State College, Pennsylvania, home to Penn State University’s main campus and one of the state’s most dynamic retail markets. Known as “Happy Valley,” State College is Pennsylvania’s third-highest-profile marketplace, behind only Philadelphia and Pittsburgh, and sits less than 35 miles from Sheetz’s corporate headquarters in Altoona. The property benefits from exceptional regional connectivity via I-99 (42,000+ VPD) and Bus. 322/North Atherton Street (36,000+ VPD), as well as consistent year-round traffic generated by Penn State’s 88,000+ students and 7,800+ faculty.

FOR SALE DETAILS

PRICE

$3,809,524 USD

PRICE/SF

$627 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheetz | State College, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.67 AC

LAND SF

246,985 SF

ZONING

-

APN/PARCEL ID

24-004-067E-0000

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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