For Sale
$1,250,000

3225 Pleasant Valley BlvdAltoona, PA 16602

AT&T Store - NNN Lease, 7.78% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents an 8,000-square-foot retail storefront located at 3225 Pleasant Valley Blvd, Altoona, PA 16602. Currently 100% occupied by AT&T under a triple net (NNN) lease, this property boasts a strong history of tenancy, with the current lease commencing October 31, 1996, and expiring October 31, 2026. The remaining lease term is approximately 1.9 years, with a one-year lease option available, increasing the annual net operating income (NOI) to $102,060. The property offers excellent visibility and accessibility, situated on a boulevard with ample parking and convenient turning lanes. The asking price is $1,250,000, representing a compelling cap rate of 7.78% based on the current NOI of $97,200. This represents a price per square foot of $156.25. The property's long-term tenant history and prime location make it an attractive investment for discerning buyers seeking a stable, high-yield retail asset in Blair County, Pennsylvania. The property is a single-tenant building.

Highlights

  • $1,250,000 asking price for an 8,000 square foot AT&T storefront.
  • Located at 3225 Pleasant Valley Blvd, Altoona, PA 16602.
  • Triple Net (NNN) lease with a 7.78% cap rate and $97,200 annual net operating income (NOI).
  • 100% occupancy with a remaining lease term of approximately 1.9 years, expiring October 31, 2026, plus a 3-year option.
  • $156.25 per square foot price.

Property Details for 3225 Pleasant Valley Blvd

Property type
Retail properties, Retail space
Square Feet
8,000 SF

Location Insight

City
Altoona
County
Blair
State
Pennsylvania
Latitude
40.4851259
Longitude
-78.3997309
3225 Pleasant Valley Blvd, Altoona, Pennsylvania

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3225 Pleasant Valley Blvd
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