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Dollar General Strip | State College, PA 3283 W College Ave 19,776 SF 55% Leased Retail Building State College, PA 16801 $5,327,367 CAD ($269.39 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Prime State College location in “Happy Valley,” near Penn State’s main campus and positioned along West College Avenue.
- Dollar General lease is corporately guaranteed by investment-grade Dolgencorp (NYSE: DG).
- Adjacent to new 36-unit luxury housing and near major auto dealerships, creating a strong built-in customer base.
- Orchard Square is a Dollar General–anchored retail strip with value-add upside through 9,052 SF of vacant space.
- Modern 2021 construction with strong visibility and shared access with a new Sheetz at a signalized intersection.
- Dense and affluent submarket with 92,000+ residents nearby and strong regional draw from Penn State and major event venues.
Executive Summary
The center is anchored by Dollar General under a 10-year NNN lease with two 5-year options and 10% increases, backed by an investment-grade corporate guarantee (NYSE: DG, BBB). Dollar General occupies 54% of the GLA, with 9,052 SF of vacant space offering immediate leasing upside, supported by conservative underwriting at $12 PSF. A passive ground lease with Stuckey Automotive provides additional income with zero landlord obligations.
Delivered in 2021, the property features modern construction, efficient layouts, and ample parking on 3.689 acres. It is strategically positioned at a signalized intersection along West College Avenue, adjacent to a high-performing Sheetz and directly in front of Orchard View, a new 36-unit luxury residential community—creating built-in demand for both Dollar General and future tenants.
Property Facts
Amenities
- Signage
- Monument Signage
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 10,724 SF
- -
- Triple Net
- Dec 2032
DG est fière d'être le magasin général de quartier d'America. Nous nous efforçons de rendre les achats faciles et abordables grâce à des magasins pratiques et faciles à acheter partout aux États-Unis. Les magasins DG offrent tous les jours à bas prix des articles, notamment de la nourriture, des collations, des produits de santé et de beauté, des produits de nettoyage, des vêtements de base, des articles ménagers, des articles saisonniers, des produits en papier et bien plus encore des marques et produits les plus fiables des États-Unis, ainsi que des marques privées de haute qualité. Depuis la fondation de l'entreprise en 1939, Dollar General s'est engagé à servir ses clients avec valeur et commodité, en offrant des possibilités de carrière à ses employés ou en servant les communautés qu'ils considèrent comme leur maison par le biais de l'alphabétisation et de l'éducation.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 10,724 SF | - | Triple Net | Dec 2032 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 9,052 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 9,052 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 9,052 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Presented by
Dollar General Strip | State College, PA | 3283 W College Ave
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