Penn State University Retail Center

1910 N. Atherton, State College, PA

Deal Type:

Net Lease

Price:

$6,874,379

Cap Rate:

6.38%

Current Rent:

$439,208

Lease Type:

DoubleNet

Landlord Responsibilities:

Roof, Structure & Parking

Building Sq. Ft.:

11,312 (combined)

Rent Increases:

10% every five years

Site Size:

1.69 AC

Access Offering Memorandum

Investment Highlights

Less than 2 miles from Penn State University’s Campus with over 97,000 Students
North Atherton is the main retail artery in State College, PA
Strong retail corridor with well over 1M SF of retail
Nearby National Tenants include Walmart, Home Depot, Target, Wegmans, and Lowe’s
Adjacent to Chick-fil-A, Starbucks & Panda Express

Listing Agents

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Ryan Smeele

CFO / Director of Underwriting
847 651 7500
[email protected]

Download Offering Memorandum

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