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Zen Leaf - Altoona PA 590 W Plank Rd 10,606 SF Retail Building Altoona, PA 16602 $2,653,000 ($250.14/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guaranteed Lease | Options To Extend | 2% Annual Increases | 7 Years Remaining
- Outparcel to Logan Valley Mall | Heart of Altoona’s Retail Corridor | Strong Tenant Presence | Park Hills Plaza | Placer.ai Data
EXECUTIVE SUMMARY
Zen Leaf has 7 years remaining on their lease with 4 (5-year) options to extend, demonstrating their commitment to the site
U.S. Cannabis retail sales is one of the fastest growing industries in the country and are expected to surpass $50B annually within the next five years
U.S. Cannabis retail sales is one of the fastest growing industries in the country and are expected to surpass $50B annually within the next five years
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,606 SF
Building Class
C
Year Built
2020
Price
$2,653,000
Price Per SF
$250.14
Cap Rate
8%
NOI
$212,242
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
42.31 AC
Frontage
110’ on West Plank Road
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-00019969 | Improvements Assessment | $7,870,400 |
| Land Assessment | $7,462,800 | Total Assessment | $15,333,200 |
PROPERTY TAXES
Parcel Number
14-00019969
Land Assessment
$7,462,800
Improvements Assessment
$7,870,400
Total Assessment
$15,333,200
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Zen Leaf - Altoona PA | 590 W Plank Rd
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