7505 Huntingdon Plz Huntingdon, PA 16652

This 138,695 square foot shopping center in Huntingdon, Pennsylvania, presents a compelling value-add investment opportunity. Anchored by Aldi, with a new 10-year lease, the property boasts a strong tenant mix including Wendy's, AutoZone, Fresenius Kidney Care, Ollie's, Bealls, Anytime Fitness, and Rent-A-Center. Currently operating at 90.74% occupancy, the center offers significant upside potential with approximately 12,850 square feet of vacant space and room for additional outlots. The average rent is $7.00 per square foot, well below replacement cost, and a mix of long-term and short-term leases provides flexibility. Built in 1972 and renovated in 2023, the property sits on 16.04 acres and features 16 units. The strong net operating income (NOI) of $619,741 contributes to an attractive 7.26% capitalization rate. The property benefits from a large trade area with significant barriers to entry due to the surrounding Appalachian terrain. Approximately 45% of the gross leasable area (GLA) has seven or more years remaining on its lease. Scheduled rent bumps further enhance the investment's long-term value. The asking price is $8,540,000, translating to $61.57 per square foot.