2673 Benner Pike, Bellefonte, PA 16823

Listing Agency: Campbell Commercial Partners

Listed By: Larry Kostelac · License PA RS323735 Show Phone

Source: Crexi

Added: Sep 29 Changed: Nov 8 Last Checked: Nov 8 at 5:50PM

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Investment Insights

Based on property information with market context.

The offering is a Chipotle restaurant property subject to a 15-year NN+ lease. The lease includes 10% rental increases and a corporate guarantee from Chipotle.

The property is an outparcel in a retail corridor, 8 miles from State College and Penn State University.

Key Highlights

• 15‑year NN+ lease with 10% rental increases
• Corporate guarantee from Chipotle
• Outparcel in a retail corridor

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Parking Lot & Garage Storage Facility Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

108

Businesses Nearby

62k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 50% Groceries 42% Shops & Services 8%

Giant Food Store Groceries

26,157 visits/mo 0.1 miles

Dunkin' Donuts Dining

16,012 visits/mo 0.2 miles

McDonald's Dining

14,734 visits/mo 0.2 miles

Stuckey Ford Bellefonte, Inc Shops & Services

4,203 visits/mo 0.3 miles

Fulton Bank Shops & Services

964 visits/mo 0.3 miles

Demographics for 16823, PA

29,345

Population

11,679

Households

2.5

Avg Household Size

42

Median Age

29%

College-Educated

92%

High-School Grad

124.3 sq mi

ZIP Area

236

Density / Sq Mi

$75,717

Median Household Income

$41,842

Median Earnings

$1,013

Median Rent

$258,100

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - The lease carries a corporate guarantee and scheduled rental increases.

Where is this nnn property located?

The property is located at 2673 Benner Pike Bellefonte, PA.

What is the asking price?

The asking price for this property is $3,113,207.

What are key features of this property?

This property features: 15‑year NN+ lease with 10% rental increases; Corporate guarantee from Chipotle; Outparcel in a retail corridor