138 Valley Vista Dr
State College, PA 16803
Wolf Furniture · Retail Property For Sale

CBRE is pleased to exclusively present for sale his Wolf Furniture located in State College, Pennsylvania. This is an absolute NNN lease with zero landlord responsibilities or expenses. Wolf Furniture has been successfully operating in State College for 60 years and relocated to this site 12 years ago. There are currently 19 years left in the base term of the lease with two, five year options to renew. There are also 5% rental increases every 5 years. This long term lease, coupled with no landlord responsibilities and proven success in this market make this an ideal property for the astute investor. This 50,000 square foot store sits on a large 3.43 acre site which allows for numerous redevelopment opportunities in the future if necessary. Wolf Furniture ideally sits as a pad site to Lowe's, with additional surrounding tenants including Home Depot, Sheetz and the State College Movie Theater. This is a college town location, as the site is situated just 4 miles from Penn State University. There is also minimal furniture competition within this market, making Wolf Furniture a go to store for residents, students and surrounding companies. Wolf Furniture is situated just off N Atherton Street and Interstate 99. Wolf Furniture was co-founded in 1902 by Charles Wolf and Jon Fox in Altoona, Pennsylvania. In 2015, Wolf Furniture acquired Maryland-based Gardiners Furniture, and rebranded the stores Gardiner Wolf Furniture. On November 27, 2018 Art Van Furniture acquired Wolf Furniture. Art Van Furniture, LLC is the Midwest's No. 1 furniture and mattress retailer with over 200 stores in 9 states operating under the following brands; Art Van Furniture, Art Van PureSleep, Art Van Flooring, Scott Shuptrine Interiors, Levin Furniture, Levin Mattress, Wolf Furniture and Gardiner Wolf Furniture. Founded in 1959, the company is headquartered in Warren, Michigan.