700 Valley View Blvd
Altoona, PA 16602
Dollar Tree · Retail Property For Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE THIS DOLLAR TREE PROPERTY located on Valley View Boulevard in Altoona, Pennsylvania. Dollar Tree just signed a new 7 year lease with three, five year options to renew. The lease is corporately guaranteed by Dollar Tree which is rated BB+ by Standard & Poor’s and is the world’s leading operator of $1 price point variety stores. This is a passive investment with limited landlord responsibilities or expenses and rental increases $4,800 rental increases in each option period. Dollar Tree backfilled this former Rite Aid location and recently renovated and upgraded the store to their standards, leaving little to no deferred maintenance in the near term. The property is located at the signalized corner of Valley View Blvd and S 7th Street directly across from a Weis grocery-anchored shopping center. This intersection benefits from high traffic counts over 15,000 vehicles per day. There is minimal dollar store competition within a 1 mile radius making this a go-to store for the underserved and densely populated neighborhoods to the south and west of this location. This low risk investment offers a low price point and low rent per square foot which reduces the risk of future vacancy and allows for redevelopment if necessary.