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Sheetz | State College, PA 3261 W College Ave 6,077 SF Retail Building State College, PA 16801 $3,809,524 ($626.88/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Situated near Penn State’s main campus in "Happy Valley" with 88K+ students in one of PA’s top markets, just 35 miles from Sheetz HQ
- Built in 2021 on 5.67 acres, featuring a 6,077 SF store with drive-thru, car wash, beer/wine sales, and 24/7 service
- Adjacent to luxury housing and major auto dealerships, enhancing traffic and complementary consumer activity.
- Lease guaranteed by Sheetz, Inc., a $14B+ company ranked 27th on Forbes’ list of largest private firms
- Long-Term 15-year NNN ground lease (started May 2021) with 10% rent bumps in renewal options and 5% increase in year 10
- Affluent, High-Traffic Area: Over 92K residents nearby, $134K+ avg. HHI within 1 mile, and 11,700+ daily vehicle traffic at the site.
EXECUTIVE SUMMARY
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 6,077 SF Sheetz property located in State College, Pennsylvania, home to Penn State University’s main campus and one of the state’s most dynamic retail markets. Known as “Happy Valley,” State College is Pennsylvania’s third-highest-profile marketplace, behind only Philadelphia and Pittsburgh, and sits less than 35 miles from Sheetz’s corporate headquarters in Altoona. The property benefits from exceptional regional connectivity via I-99 (42,000+ VPD) and Bus. 322/North Atherton Street (36,000+ VPD), as well as consistent year-round traffic generated by Penn State’s 88,000+ students and 7,800+ faculty.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,077 SF
Building Class
B
Year Built
2021
Price
$3,809,524
Price Per SF
$626.88
Cap Rate
5.25%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
5.67 AC
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sheetz
- Retailer
- 6,077 SF
- -
- Triple Net
- Aug 2036
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sheetz | Retailer | 6,077 SF | - | Triple Net | Aug 2036 |
PROPERTY TAXES
| Parcel Number | 24-004-067E-0000 | Improvements Assessment | $334,370 |
| Land Assessment | $285,000 | Total Assessment | $619,370 |
PROPERTY TAXES
Parcel Number
24-004-067E-0000
Land Assessment
$285,000
Improvements Assessment
$334,370
Total Assessment
$619,370
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Sheetz | State College, PA | 3261 W College Ave
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