678 Frankstown Rd - Service Station FOR SALE


Altoona, PA 16602
$1,837,838 USD
203-887-8797
678 Frankstown Rd, Altoona, PA for Sale
$1,837,838 USD
Service Station - FOR SALE
1/2
null | 5.55% Cap Rate

678 Frankstown Rd
Altoona, PA 16602


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Ground Lease | This Sheetz is subject to a absolute NNN ground lease with approximately 8.5 years remaining.
  • Corporate Sheetz Lease | Sheetz is a well known family-owned convenience store brand founded in 1952.
  • Strong Rental Increases in Options |This Sheetz lease features very strong 10% rental increases in each of their six, five-year renewal option periods

OVERVIEW

Surmount is pleased to present the exclusive listing for a Sheetz located at 678 Frankstown Rd, Altoona, PA 16601. The site consists of roughly 6,902 rentable square feet of building space on an estimated 3.11-acre parcel of land. This Sheetz is subject to a 20-year Ground lease, which commenced 12/1/2013. The current annual rent is $102,000 and has scheduled increases of 10.00% in options.

FOR SALE DETAILS

PRICE

$1,837,838 USD

PRICE/SF

$266 USD /SF

CAP RATE

5.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheetz

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Amelia Ave

LAND ACRES

3.11 AC

LAND SF

135,297 SF

ZONING

-

APN/PARCEL ID

14-00017603

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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