Zen Leaf - Altoona PA | 590 W Plank Rd
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Zen Leaf - Altoona PA 590 W Plank Rd
10,606 SF Retail Building Altoona, PA 16602 $2,830,000 ($267/SF) 7.50% Cap Rate
Investment 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
Executive Summary
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
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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,606 SF
Building Class
C
Year Built
2020
Price
$2,830,000
Price Per SF
$267
Cap Rate
7.50%
NOI
$212,242
Tenancy
Single
Building Height
1 Story
Frontage
110 FT on West Plank Road
Amenities
- Air Conditioning
Nearby Major Retailers
1 of 8
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Zen Leaf - Altoona PA | 590 W Plank Rd
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