765 Benner Pike - Convenience Store FOR SALE


State College, PA 16801
$6,035,000 USD
215-603-6914
765 Benner Pike, State College, PA for Sale
$6,035,000 USD
Convenience Store - FOR SALE
1/12
null | 4.75% Cap Rate

765 Benner Pike
State College, PA 16801


HIGHLIGHTS

  • Prime State College Location: Across from the new Happy Valley Casino and near Penn State University (88K+ students).
  • Major Retail Hub: Surrounded by Walmart, Sam’s Club, ALDI, Tractor Supply, and other national retailers.
  • Proven Tenant Commitment: Sheetz has operated here 25 years and rebuilt the site in 2019 with a modern 6K+ SF prototype.
  • Long-Term, Passive Lease: 20-year absolute-net ground lease with built-in rent increases and 50-year total potential term.
  • Strong Corporate Guarantee: Backed by Sheetz, Inc. ($14B+ revenue, 800+ stores), ranked #27 on Forbes’ largest private companies.
  • Excellent Access & Visibility: High-traffic corridor near I-99, East College Ave, and dense regional retail.

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 6,077 SF Sheetz-anchored property located in State College, Pennsylvania—home to Penn State University and one of the most stable, high-performing retail markets in the state. Known as “Happy Valley,” State College ranks as Pennsylvania’s third-highest-profile marketplace behind Philadelphia and Pittsburgh and benefits from a built-in consumer base of 88,000+ students and 7,800+ faculty, along with strong year-round suburban demand. The property is ideally positioned along Benner Pike, a dominant commercial corridor with direct connectivity to East College Avenue and I-99, and sits within a dense regional retail node surrounded by major national tenants.

FOR SALE DETAILS

PRICE

$6,035,000 USD

PRICE/SF

$993 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheetz | State College, PA - Benner Pike

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.49 AC

LAND SF

152,024 SF

ZONING

Commercial

APN/PARCEL ID

19-002B-080-0000

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.