404 E 25th Ave - Retail FOR SALE


Altoona, PA 16601
$2,038,462 USD
732-837-4060
404 E 25th Ave, Altoona, PA for Sale
$2,038,462 USD
Retail - FOR SALE
1/4
null | 6.5% Cap Rate

404 E 25th Ave
Altoona, PA 16601


HIGHLIGHTS

  • Brand-New NNN 15 Year Lease
  • Rare High Traffic signalized intersection location for DG.
  • PSU Altoona campus adjacent. Strong local population and economic drivers
  • Dollar General executed a new 15 Year Absolute NNN lease featuring 5% rent increases every 5 years
  • Investment grade credit tenant
  • Absolute NNN lease and outstanding position in submarket.

OVERVIEW

Dollar General is strategically located on a hard corner, in front of the local Mcdonalds. Located directly across from a Sheetz and neighboring retailers, (Family Dollar, Papa Johns, and Subway. The intersection of E 25th Ave (5,886 VPD) and Juniata Gap rd (9,351 VPD) generates a combined 15,200 VPD. Located less than 1,800 ft from Penn State Altoona, the campus will serve as a main economic driver for this DG location. Penn State Altoona is home to approximately 2,371 undergraduates. is an undergraduate college of Penn State, one of the nation’s largest and most widely recognized academic institutions. The campus enrolls nearly 2,500 students and offers twenty-one bachelor's degrees. There are also five associate degrees, along with the first two years of study, leading to more than 275 baccalaureate majors offered throughout Penn State. Located in beautiful central Pennsylvania, Penn State Altoona’s two campuses serve a growing and vibrant region. The 171.5-acre Ivyside campus includes academic buildings, residence halls, an athletic complex and fields, and a reflecting pond (complete with ducks). With over 11,700 people in a 1 mile radius of the property, demographics support strong tenant performance in the future and high residual real estate value.

FOR SALE DETAILS

PRICE

$2,038,462 USD

PRICE/SF

$272 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General- Altoona, PA

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

Neighborhood Business

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Nick BinderBennett Realty & DevelopmentMore Info
732-837-4060

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Nick BinderBennett Realty & DevelopmentMore Info
732-837-4060

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