590 W Plank Rd - Freestanding FOR SALE


Altoona, PA 16602
$2,653,000 USD
202-286-1542
590 W Plank Rd, Altoona, PA for Sale
$2,653,000 USD
Freestanding - FOR SALE
1/8
null | 8% Cap Rate

590 W Plank Rd
Altoona, PA 16602


HIGHLIGHTS

  • Corporate Guaranteed Lease | Options To Extend | 2% Annual Increases | 7 Years Remaining
  • Outparcel to Logan Valley Mall | Heart of Altoona’s Retail Corridor | Strong Tenant Presence | Park Hills Plaza | Placer.ai Data

OVERVIEW

Zen Leaf has 7 years remaining on their lease with 4 (5-year) options to extend, demonstrating their commitment to the site U.S. Cannabis retail sales is one of the fastest growing industries in the country and are expected to surpass $50B annually within the next five years

FOR SALE DETAILS

PRICE

$2,653,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zen Leaf - Altoona PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

42.31 AC

LAND SF

1,843,046 SF

ZONING

-

APN/PARCEL ID

14-00019969

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.