3283 W College Ave, State College, PA 16801

PRIME LOCATION IN “HAPPY VALLEY”State College, PA—known as “Happy Valley”—is home to Penn State’s main campus, University Park, with 88,000+ students and 7,800+ faculty, and ranks as Pennsylvania’s third highest-profile marketplace behind only Philadelphia and Pittsburgh. The property is ideally positioned along West College Avenue, adjacent to and sharing access with a new construction Sheetz, and directly in front of a new 36-unit luxury residential community.

DOLLAR GENERAL ANCHORED VALUE-ADD RETAIL STRIPOrchard Square, a 19,776 SF multi-tenant retail strip center, is anchored by a corporately guaranteed Dollar General under a 10-year NNN lease which includes two 5-year renewal options with 10% rental increases. Additionally, there are 9,052 SF of currently vacant space(s) that offer upside through leasing (see conservative pro-forma underwriting at $12 PSF) as well as a completely passive ground lease with Stuckey Automotive for parking only.

STRONG CORPORATE GUARANTEE FROM INVESTMENT-GRADE TENANTThe Dollar General lease is corporately guaranteed by Dolgencorp, LLC, (NYSE: DG), rated “BBB” by Standard & Poor’s. Dollar General operates over 20,000 locations nationwide and generated more than $40 billion in revenue in 2024.

NEW 2021 CONSTRUCTION | MODERN RETAIL DESIGNBuilt in 2021, the Orchard Square property features modern construction, efficient layouts, and ample customer parking across its 3.689-acre parcel. The site shares access and visibility with the adjacent Sheetz at the signalized intersection of West College Avenue and West Whitehall Road—one of State College’s busiest retail corridors.

STRATEGICALLY POSITIONED WITH COMPLEMENTARY USESThe subject property is located directly adjacent to and shares access with a new construction Sheetz, a major retail and convenience traffic generator. Additionally, Orchard View, a new 36-unit luxury residential community by S&A Homes, is situated immediately behind the subject property creating a built-in customer base for Dollar General and future tenants. Lastly, the site is located across the street from several major car dealerships featuring brands such as Audi, VW, Mercedes-Benz, Nissan, Ford, and Honda, to name a few.

DENSE, AFFLUENT, AND GROWING SUBMARKETPositioned at a highly visible, signalized corner, the site sees a combined traffic count of over 11,700 vehicles per day (VPD). There are more than 92,000 residents and over 34,000 households within 7 miles, with average household incomes exceeding $134,265 within one mile of the subject property.

REGIONALLY ACCESSIBLE MAIN EVENTS CENTERPenn State University, a top 6% global university, has a massive alumnus network (800,000+) that drives substantial weekend travel during football season and throughout the year via regional access to/from I-99 (42,000+ VPD) and Bus. 322/North Atherton Street (36,000+ VPD). Nearby venues such as Beaver Stadium and the Bryce Jordan Center attract hundreds of thousands of visitors annually for sporting and entertainment events.