3106 E Pleasant Valley Blvd
Altoona, PA 16601

CBRE is pleased to exclusively present for sale this Rite Aid anchored strip center located on East Pleasant Valley Boulevard in Altoona, Pennsylvania. Rite Aid has 6 years remaining on its initial 10 year NNN lease with two, five year options to renew. There are currently limited landlord responsibilities, making this an easy to own and operate property for the real estate investor looking for more yield. The building is well maintained block-on-block construction which helps to alleviate deferred maintenance in the near future. This is a value-add, multi-tenant opportunity leaving an upside for the next owner through leasing of the vacant space and possibly converting the Subway lease to NNN. This 10,500 square foot property sits on a large 2.14 acre parcel on East Pleasant Valley Boulevard, one of the main north/south arteries that parallels I-99, with over 6,000 vehicles traveling by daily. This large parcel size lends itself to numerous future redevelopment opportunities if necessary. Both Rite Aid and Subway have their own drive-thru windows at the property, adding a level of ease and convenience for their customers. There is no drug store competition within the Bellwood submarket and the closest drug store chain is a Martin's Pharmacy 2.6 miles away. The property is also situated just off the Interstate 99 and Rte. 865 Interchange with combined traffic counts of 28,000 vehicles per day. This high yield investment with room to grow and low price point makes this a unique opportunity for the private investor.