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Former Outback Steakhouse 1905 Waddle Rd 7,000 SF of Retail Space Available in State College, PA 16803
Highlights
- Home to Penn State University
- Lots of traffic at intersection
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 7,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
+/- 7000 SF Stand-Alone Restaurant with +/-300 SF of Patio Seating 2nd Gen Restaurant Space Near I-99 in State College, PA situated next to a Holiday Inn Express, Springhill Suites by Marriott, and Hampton by Hilton.
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 7,000 SF | Gross Leasable Area | 7,000 SF |
| Property Type | Retail | Year Built | 1999 |
| Property Subtype | Restaurant | Parking Ratio | 5.71/1,000 SF |
| Total Space Available | 7,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 7,000 SF |
| Year Built | 1999 |
| Parking Ratio | 5.71/1,000 SF |
About the Property
This ±7,000 SF stand-alone restaurant offers a rare opportunity in a highly accessible location. The property features an inviting ±300 SF outdoor patio for additional dining and guest enjoyment. With 125 dedicated parking spaces, including 4 handicap-accessible spaces, the site provides exceptional convenience for patrons. Operational efficiency is supported by two designated loading and unloading zones, ensuring smooth supply and service logistics. Additionally, a liquor license is available through a joint venture with the Holiday Inn Hotel, creating an excellent value-add for restaurant operators seeking to maximize revenue potential. This property presents a turnkey opportunity for restaurateurs or investors looking for a high-capacity, well-positioned dining establishment with both indoor and outdoor seating options. *Liquor license is available via Joint Venture with Holiday Inn Hotel.
- Pylon Sign
Nearby Major Retailers
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Former Outback Steakhouse | 1905 Waddle Rd
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