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Zen Leaf - Altoona PA 590 W Plank Rd 10,606 SF Retail Building Altoona, PA 16602 $3,642,808 CAD ($343.47 CAD/SF) 8% 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
$3,642,808 CAD
Price Per SF
$343.47 CAD
Cap Rate
8%
NOI
$291,427 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
42.31 AC
Frontage
110’ on West Plank Road
Amenities
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-00019969 | Improvements Assessment | $10,744,198 CAD |
| Land Assessment | $10,187,767 CAD | Total Assessment | $20,931,964 CAD |
Property Taxes
Parcel Number
14-00019969
Land Assessment
$10,187,767 CAD
Improvements Assessment
$10,744,198 CAD
Total Assessment
$20,931,964 CAD
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Zen Leaf - Altoona PA | 590 W Plank Rd
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