1910 Atherton St State College, PA 16803
- Retail properties
- 11,312 SF
- 1.69 lot acres
Current Use by Public Records
- Matress FIRM Bicycle rack / Bicycle Rack
Property Details for 1910 Atherton St
- Year built
- 2016
- Lot size
- 1.69 lot acres
- Property size
- 11,312 SF
- Property type
- Retail properties
Description
This exceptional retail investment opportunity presents two buildings totaling 11,312 square feet situated on a 1.69-acre lot at 1910 N Atherton St, State College, PA 16803. Built in 2016, the property boasts a strong 6.59% cap rate and is offered at $7,400,000. The property features a multi-tenant configuration with high-profile tenants including FedEx and Qdoba. Building A houses FedEx and another tenant, while Building B is occupied by Mattress Firm and Qdoba. The property benefits from a high-traffic location, experiencing an average daily traffic count of 20,769 vehicles. This is a NNN lease, meaning the tenants are responsible for most operating expenses, with the landlord responsible for roof, structure, and parking lot maintenance. This presents a low-maintenance, high-return investment opportunity in a thriving Pennsylvania market. The property's prime location and strong tenant mix make it an attractive investment for discerning buyers seeking stable income and long-term growth potential. The combined square footage of 11,312 provides ample space for current and future tenants. This is a turnkey investment ready for immediate income generation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- State College
- County
- Centre
- State
- Pennsylvania
- Longitude
- -77.9054
- Latitude
- 40.8087
