Shopping Neighborhood

Penn Towne Center

1211 Lancaster Rd, Manheim, PA 17545

Listing Price: $6,204,000

Cap Rate
3.39%
Gross SF
35,360
Rentable SF
35,360
Price/Gross SF
$175.45
Lot Size
6.00 acres
Year Built
2018

Investment Overview

Service-Oriented Shopping Center • The Center features Internet resistant and service-based tenants including: Dollar Tree, Cricket Wireless, a Pizza Restaurant, a Nail Salon & other local tenants Dollar Tree, Inc. • America’s Leading Operator of discount variety stores – includes the Dollar Tree & Family Dollar Brands • Investment Grade Credit (Moody’s: B1) with over 15,288 stores nationwide • Dollar General’s stock has risen approximately 34% over the past six months, reflecting Wall Street’s confidence of retailer during pandemic.

Investment Highlights

  • Neighborhood Center with Significant Value Add Opportunity
  • Large Parcel Size in Growing Submarket
  • Heavily Traveled Retail Corridor
  • Rental Rates in line with Market & Rental Increases in Base Term

Exclusively Listed By

Shopping Neighborhood

Penn Towne Center

Listing Price: $6,204,000

Cap Rate
3.39%
Gross SF
35,360
Rentable SF
35,360
Price/Gross SF
$175.45
Lot Size
6.00 acres
Year Built
2018

Investment Highlights

  • Neighborhood Center with Significant Value Add Opportunity
  • Large Parcel Size in Growing Submarket
  • Heavily Traveled Retail Corridor
  • Rental Rates in line with Market & Rental Increases in Base Term

Investment Overview

Service-Oriented Shopping Center • The Center features Internet resistant and service-based tenants including: Dollar Tree, Cricket Wireless, a Pizza Restaurant, a Nail Salon & other local tenants Dollar Tree, Inc. • America’s Leading Operator of discount variety stores – includes the Dollar Tree & Family Dollar Brands • Investment Grade Credit (Moody’s: B1) with over 15,288 stores nationwide • Dollar General’s stock has risen approximately 34% over the past six months, reflecting Wall Street’s confidence of retailer during pandemic.

Exclusively Listed By

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