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    3225 Pleasant Valley Blvd Altoona, PA 16602

    For Sale
    $1,250,000

    AT&T Store - NNN Lease, 7.78% Cap Rate

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents an 8,000-square-foot retail storefront located at 3225 Pleasant Valley Blvd, Altoona, PA 16602. Currently 100% occupied by AT&T under a triple net (NNN) lease, this property boasts a strong history of tenancy, with the current lease commencing October 31, 1996, and expiring October 31, 2026. The remaining lease term is approximately 1.9 years, with a one-year lease option available, increasing the annual net operating income (NOI) to $102,060. The property offers excellent visibility and accessibility, situated on a boulevard with ample parking and convenient turning lanes. The asking price is $1,250,000, representing a compelling cap rate of 7.78% based on the current NOI of $97,200. This represents a price per square foot of $156.25. The property's long-term tenant history and prime location make it an attractive investment for discerning buyers seeking a stable, high-yield retail asset in Blair County, Pennsylvania. The property is a single-tenant building.

    Property Features for 3225 Pleasant Valley Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,000 SF

    HighLights

    • $1,250,000 asking price for an 8,000 square foot AT&T storefront.
    • Located at 3225 Pleasant Valley Blvd, Altoona, PA 16602.
    • Triple Net (NNN) lease with a 7.78% cap rate and $97,200 annual net operating income (NOI).
    • 100% occupancy with a remaining lease term of approximately 1.9 years, expiring October 31, 2026, plus a 3‑year option.
    • $156.25 per square foot price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AT&T Store Cell Phone Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Blair
    State
    Pennsylvania
    Longitude
    -78.3997309
    Latitude
    40.4851259

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    FAQs

    What type of property is this?
    Individual retail property - AT&T Store - NNN Lease, 7.78% Cap Rate
    Where is this individual retail property located?
    The property is located at 3225 Pleasant Valley Blvd Altoona, PA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 asking price for an 8,000 square foot AT&T storefront.; Located at 3225 Pleasant Valley Blvd, Altoona, PA 16602.; Triple Net (NNN) lease with a 7.78% cap rate and $97,200 annual net operating income (NOI).
    Request Owner's contact information
    3225 Pleasant Valley Blvd Altoona, PA 16602
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    Altoona, PA 16602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3225 Pleasant Valley Blvd Altoona, PA 16602
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