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Shopping Regional

Silver Springs Beverage

6485 Carlisle Pike, Mechanicsburg, PA 17050

Listing Price: $4,250,000

Cap Rate
11.46%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$425.00
Lot Size
2.16 acres
Year Built
1998

Investment Overview

Marcus & Millichap is proud to present to Operators the ability to purchase Silver Springs Beverage located in Silver Spring Plaza - 6483 Carlisle Pike, Mechanicsburg, PA 17050. The Subject is a 10,000 SF beer and beverage distributor located in Silver Spring Plaza. Silver Spring Beverage is the preferred beer and beverage retailer of Silver Spring Township, Cumberland County. The Offering includes the sale of the business, FF&E, “D” license for beer distributor, and the condo space in Silver Spring Plaza. Silver Spring Beverage has stable history of gross sales near $3,000,000 annually w/ Increased 2020 Sales of $3,600,000. This business along with the neighboring tenants of Silver Spring Plaza have a track record of being extremely stable with many tenants in place for 20 years. The Silver Springs Plaza is located on the best section of the primary retail corridor, The Carlisle Pike (U.S. Route 11) in Mechanicsburg, PA. The landmark street sign is iconic and known as the “Got Beer?” distributor. The property is located directly between Power Centers to the North and South. Surrounding tenants include Target, Walmart, Sam's Club, Wegmans, Aldi (opening 2020), Giant Foods, Kohl's, Best Buy, Chick-Fil-A, and many more National Retail Tenants. The current tenants are all service providers that are internet resistant. The dense retail on the Carlisle Pike Corridor that connects I-81 with PA-581 is surrounded on both sides by new residential planned communities that continue to increase the local income statistics and home values. In addition, there has been 300,000 square feet of class-A office space that has attracted tenants such as Deloitte, a Global business service provider. Cumberland County was the fastest-growing county in the state (approaching 6%, according to the most recent U.S. Census Bureau estimates), keyed by a diverse set of stable employers like state and federal government agencies, Amazon, Giant Food, and Holy Spirit Hospital which was recently acquired by Penn State Health. While it pales in comparison to Cumberland County's, Dauphin County's population growth exceeded 2%, and though Hershey and state government jobs dominate the area, Pinnacle Health is also a growing employer. Vacancies are close to 6.6%, a 0.3% climb over the past 12 months. This is largely due to several major move-outs spiking rates.

Investment Highlights

  • Established Beer & Beverage Distributor Business with "D" License
  • Highly Visible Location With Frontage on Carlisle Pike With 27,000 VDP
  • ? Stable Historic Sales of $3,600,000
  • Option to Buy Real Estate
  • Strong Demographics Compared To Surrounding Market

Exclusively Listed By

Financing By

Shopping Regional

Silver Springs Beverage

Listing Price: $4,250,000

Cap Rate
11.46%
Gross SF
10,000
Rentable SF
10,000
Price/Gross SF
$425.00
Lot Size
2.16 acres
Year Built
1998

Investment Highlights

  • Established Beer & Beverage Distributor Business with "D" License
  • Highly Visible Location With Frontage on Carlisle Pike With 27,000 VDP
  • ? Stable Historic Sales of $3,600,000
  • Option to Buy Real Estate
  • Strong Demographics Compared To Surrounding Market

Investment Overview

Marcus & Millichap is proud to present to Operators the ability to purchase Silver Springs Beverage located in Silver Spring Plaza - 6483 Carlisle Pike, Mechanicsburg, PA 17050. The Subject is a 10,000 SF beer and beverage distributor located in Silver Spring Plaza. Silver Spring Beverage is the preferred beer and beverage retailer of Silver Spring Township, Cumberland County. The Offering includes the sale of the business, FF&E, “D” license for beer distributor, and the condo space in Silver Spring Plaza. Silver Spring Beverage has stable history of gross sales near $3,000,000 annually w/ Increased 2020 Sales of $3,600,000. This business along with the neighboring tenants of Silver Spring Plaza have a track record of being extremely stable with many tenants in place for 20 years. The Silver Springs Plaza is located on the best section of the primary retail corridor, The Carlisle Pike (U.S. Route 11) in Mechanicsburg, PA. The landmark street sign is iconic and known as the “Got Beer?” distributor. The property is located directly between Power Centers to the North and South. Surrounding tenants include Target, Walmart, Sam's Club, Wegmans, Aldi (opening 2020), Giant Foods, Kohl's, Best Buy, Chick-Fil-A, and many more National Retail Tenants. The current tenants are all service providers that are internet resistant. The dense retail on the Carlisle Pike Corridor that connects I-81 with PA-581 is surrounded on both sides by new residential planned communities that continue to increase the local income statistics and home values. In addition, there has been 300,000 square feet of class-A office space that has attracted tenants such as Deloitte, a Global business service provider. Cumberland County was the fastest-growing county in the state (approaching 6%, according to the most recent U.S. Census Bureau estimates), keyed by a diverse set of stable employers like state and federal government agencies, Amazon, Giant Food, and Holy Spirit Hospital which was recently acquired by Penn State Health. While it pales in comparison to Cumberland County's, Dauphin County's population growth exceeded 2%, and though Hershey and state government jobs dominate the area, Pinnacle Health is also a growing employer. Vacancies are close to 6.6%, a 0.3% climb over the past 12 months. This is largely due to several major move-outs spiking rates.

Exclusively Listed By

Financing By

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