965 Benner Pike - Freestanding FOR SALE


State College, PA 16801
$3,950,000 USD
949-724-5552
965 Benner Pike, State College, PA for Sale
$3,950,000 USD
Freestanding - FOR SALE
1/5
null | 7% Cap Rate

965 Benner Pike
State College, PA 16801


HIGHLIGHTS

  • Stable Tenant: Leased to Tractor Supply Company, the largest U.S. rural retailer, with a corporate guarantee.
  • Attractive Lease: Absolute NNN lease with no landlord responsibilities, ideal for passive income.
  • Rental Increases: Scheduled rent escalations in each of the three 5-year option periods, providing an inflation hedge.
  • Strong Local Economy: State College, PA, benefits from Pennsylvania State University and population growth (1.36% increase from 2021- 2022)
  • Prime Location: Convenient access to U.S. Route 322 and Interstate 99, offering excellent visibility and regional connectivity. Retail

OVERVIEW

Exclusive sale of a Tractor Supply Company property located at 965 Benner Pike, State College, PA 16801. This 19,085 SF building is situated on a spacious site, featuring a large outdoor display area, garden section, and feed station, all tailored to serve the rural lifestyle market. The property offers investors a stable cash flow with minimal landlord responsibilities under an Absolute NNN lease structure. Tractor Supply Company (TSCO), a publicly traded company rated BBB/Baa1, is the largest rural lifestyle retailer in the United States, operating over 2,200 locations nationwide. The corporate guarantee on this lease underscores the tenant's financial stability and commitment to the location. The property is strategically located near major thoroughfares, including U.S. Route 322 and Interstate 99, providing excellent visibility and accessibility. These highways facilitate convenient transportation and connectivity to the broader region. State College, PA, is home to Pennsylvania State University, contributing to a dynamic and growing economy. The area has experienced a 1.36% population increase from 2021 to 2022, reaching approximately 40,902 residents. The median household income also rose by 1.03% during the same period, indicating economic growth and stability. The Tractor Supply property is part of a vibrant retail corridor, with neighboring establishments including, Harbor Freight Tools, Walmart Supercenter, Lowe's Home Improvement, The Home Depot, Target, Kohl's, Dick's Sporting Goods, Applebee's, and Starbucks This diverse mix of retailers enhances the property's appeal and foot traffic, contributing to its long-term viability. This offering presents a unique opportunity to acquire a well-positioned, income-generating asset with a strong national tenant in a growing market. The combination of a stable tenant, favorable lease terms, and a thriving local economy makes this an attractive investment for discerning buyer.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$242 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply Co

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

4.63 AC

LAND SF

201,682 SF

ZONING

-

APN/PARCEL ID

19-002B-010-0000

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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