STREAM Capital Partners > Properties > All Properties > Penn State University Retail Center

Penn State University Retail Center

Net Lease

1910 N. Atherton, State College, Pennsylvania
Ownership Type:
Fee Simple
Price:
$6,874,379
Cap Rate:
6.38%
Current Rent:
$439,208
Tenancy:
Single Tenant
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

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
Ownership Type:
Fee Simple
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

Listing Agents

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Ryan Smeele

CFO / Director of Underwriting
847.651.7500[email protected]

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