821 E Bishop St (Former Rite-Aid)

821 East Bishop Street is located at the northeast corner of the signalized intersection at School Street & Bishop Street in Bellefonte, Pennsylvania. Bellefonte is a city in Pennsylvania located just over 100 miles east of Pittsburgh. The area features a population of approximately 6,500 and an average household income of over $80,000 within a one (1) mile radius. The Property is conveniently located just over one (1) mile from Interstate-99 (I-99) and approx. three (3) miles south of Interstate-80 (I-80). Additionally, the Property is located less than six (6) miles from State College Regional Airport and approx. eight (8) miles from Penn State University main campus. Within Bellefonte, the Property is located a few blocks east of downtown and within proximity to a number of national and local retailers. Neighboring retailers include CVS/Pharmacy, M&T Bank, PNC Bank, Weis Market, Habitat for Humanity, Dollar General, NAPA Auto Parts, Verizon, Domino’s Pizza, Pizza Hut, Burger King and Wendy’s, among others.RECEIVERSHIP PROPERTY: The offering is for a single-tenant retail building located at 821 East Bishop Street in Bellefonte, PA, approximately 12 miles northeast of Penn State University. The 14,673 square foot single-tenant retail building was constructed in 2009 and was formerly occupied by Rite-Aid. The Property features dual-sided pylon signage fronting Bishop Street (approx. 9,000 VPD) and a large on-site parking lot totaling 50 spaces (3.74/1,000 SF). Within Bellefonte, the Property is located directly across the street from Bellefonte Area High School (Approx. 900 students) and a few blocks east of downtown. Neighboring retailers include CVS/Pharmacy, Verizon, Pizza Hut, M&T Bank, PNC Bank, Domino's Pizza, Dollar General, NAPA Auto Parts, Burger King, Wendy's, Weis Market, and Habitat for Humanity, among others.The Property consists of a single-tenant retail building located at 821 East Bishop Street in Bellefonte, Pennsylvania. The 14,673 square foot single-tenant retail building was constructed in 2009 and sits on one (1) parcel totaling 1.70-acres. The Property was formerly occupied by Rite-Aid who filed bankruptcy and vacated the building. The Property features dual-sided pylon signage fronting Bishop Street and a large on-site parking lot totaling 50 spaces (3.74/1,000 SF). Within Bellefonte, the Property is located a few blocks east of downtown and within proximity to a number of national and local retailers. Neighboring retailers include CVS/Pharmacy, M&T Bank, PNC Bank, Weis Market, Habitat for Humanity, Dollar General, NAPA Auto Parts, Verizon, Domino’s Pizza, Pizza Hut, Burger King and Wendy’s, among others.