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3261 W College Ave
State College, PA 16801

$3,809,524 USD

Convenience Store For Sale  •  6,077 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 6,077 SF
  • Lot Size 5.67 AC
  • Building Class B
  • Year Built 2021
  • Cap Rate 5.25 %
  • Tenancy Single
0 Transit Score
38 Walk Score

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
Lease guaranteed by Sheetz, Inc., a $14B+ company ranked 27th on Forbes’ list of largest private firms
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
Long-Term 15-year NNN ground lease (started May 2021) with 10% rent bumps in renewal options and 5% increase in year 10
Adjacent to luxury housing and major auto dealerships, enhancing traffic and complementary consumer activity.
Affluent, High-Traffic Area: Over 92K residents nearby, $134K+ avg. HHI within 1 mile, and 11,700+ daily vehicle traffic at the site.
Cap Rate: 5.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Sheetz 6,077 SF 8/31/2036

Amenities

  • Signage

Public Transportation

AirportDriveWalkDistance
State College Regional 20 min - 9.6 mi
Matthew Gorman 215-603-6914 CBRE, Inc.
Matthew Gorman 215-603-6914 CBRE, Inc.