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Property profile & analytics
FOR LEASE
Retail space

255 Northland Ctr State College, PA 16803

12.28 ac lot
Entity Owned 9-yr Hold Free & Clear
Property ID
US73-4507393
255 Northland Ctr, State College, PA 16803 For Lease
Contact for pricing 111,500 SF available
255 Northland Ctr, State College, PA 16803
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Property summary
AI-generated overview

Northland Center, a thriving 111,500-square-foot retail center in State College, Pennsylvania, presents an exceptional investment opportunity. This multi-tenant property, situated on a 17.72-acre lot at 255 Northland Center, 16803, boasts a strong tenant mix including national brands like Giant, Pet Supplies Plus, and Edward Jones, alongside local favorites and Sweet Frog. Two retail spaces are currently available, ranging from 1,600 to 2,000 square feet, ideal for a variety of businesses. The center's strategic location along North Atherton Street ensures high visibility and significant foot traffic. The property is a Net-Net-Net (NNN) lease with a rate of $3.81 per square foot. This grocery-anchored center offers a compelling combination of established tenants, high traffic volume, and excellent visibility, making it an attractive proposition for discerning investors seeking a strong return on investment in a vibrant Pennsylvania market. The property is classified as a strip center, retail pad, and ground lease, offering flexibility for potential tenants. Pima County location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 12.28 ac (534,917 SF)
APN 24-012-,029-,0000-
UPID US73-4507393
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cardtronics ATM Atm
  • Western Union Bank Credit Union
  • GIANT Grocery & Convenience Store Food Market
  • schlow centre region library book return Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Suso 4 Northland LP · 9 yrs held
Suso 4 Northland LP
since 2017
4 recorded transactions
2020
Price N/A
2017
$15.9M
2016
$14.7M
2010
$10.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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