3283 W College Ave - Storefront Retail/Office FOR SALE


State College, PA 16801
$3,905,007 USD
215-603-6914
3283 W College Ave, State College, PA for Sale
$3,905,007 USD
Storefront Retail/Office - FOR SALE
1/9
null | 6.75% Cap Rate

3283 W College Ave
State College, PA 16801


HIGHLIGHTS

  • Prime State College location in “Happy Valley,” near Penn State’s main campus and positioned along West College Avenue.
  • Orchard Square is a Dollar General–anchored retail strip with value-add upside through 9,052 SF of vacant space.
  • Dollar General lease is corporately guaranteed by investment-grade Dolgencorp (NYSE: DG).
  • Modern 2021 construction with strong visibility and shared access with a new Sheetz at a signalized intersection.
  • Adjacent to new 36-unit luxury housing and near major auto dealerships, creating a strong built-in customer base.
  • Dense and affluent submarket with 92,000+ residents nearby and strong regional draw from Penn State and major event venues.

OVERVIEW

CBRE is pleased to exclusively OFFER Orchard Square, a 19,776 SF Dollar General–anchored retail strip in State College, PA, home to Penn State University and one of Pennsylvania’s most dynamic and high-profile retail markets. The property benefits from year-round demand generated by 88,000+ students and 7,800+ faculty, strong regional access via I-99 and Bus. 322, and a dense, affluent consumer base with average household incomes of $134K+ within one mile. The center is anchored by Dollar General under a 10-year NNN lease with two 5-year options and 10% increases, backed by an investment-grade corporate guarantee (NYSE: DG, BBB). Dollar General occupies 54% of the GLA, with 9,052 SF of vacant space offering immediate leasing upside, supported by conservative underwriting at $12 PSF. A passive ground lease with Stuckey Automotive provides additional income with zero landlord obligations. Delivered in 2021, the property features modern construction, efficient layouts, and ample parking on 3.689 acres. It is strategically positioned at a signalized intersection along West College Avenue, adjacent to a high-performing Sheetz and directly in front of Orchard View, a new 36-unit luxury residential community—creating built-in demand for both Dollar General and future tenants.

FOR SALE DETAILS

PRICE

$3,905,007 USD

PRICE/SF

$195 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Strip | State College, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

111

LAND DETAILS

LAND ACRES

3.69 AC

LAND SF

160,736 SF

ZONING

-

APN/PARCEL ID

24-004-067F-0000

ASK ABOUT THIS PROPERTY

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

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

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

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