| Central PA Vacant Commercial Land Lease |
VCL18014 |
| 1170 Harrisburg Pike, Carlisle, PA 17013 |
Cumberland County Middlesex Township |
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| Prime high traffic high exposure retail lots. These lots are in front of Hampton Inn and Hampton Court Hotels. |
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| Gary Nalbandian |
Gnalbandian@naicir.com |
717-761-5070 ext. 134 |
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| Additional Info |
Two subdivided lots 1.38 acres and 2.92 acres |
| Tax Parcel # |
21-07467-040 and 21-07467-039 |
| Acres |
3.000 AC |
| Acres (notes) |
Subdivided: lots 3 1.38 acres and lot 4 1.54 acres |
| Sq. Ft. |
67,082 and 60,113 |
| Frontage |
551 Approx |
| Parking |
Per code |
| Parking Restrictions |
None |
| Topography |
Level |
| Additional Info |
Nearby neighbors include Ahold Financial, Hampton Inn, Hampton Suites, McDonalds, Dunkin Donuts, Wendy's, Sheetz, and Rutters |
| Utilities & Zoning Information |
| Water |
Public |
| Sewer |
Public |
| Zoning |
CH - Commercial Highway: allows a wide variety of commercial uses. CH Commercial Highway permits; automotive service stations and garages (meeting specified standards and conditions), motels/hotels, restaurants, sales offices and lots for retail sales of automobiles, trucks, boats, farm equipment and mobile homes, roadside stands, outdoor sales of garden supplies, nursery stock, farm produce and similar merchandise sold at retail, monument sales, mortuaries and funeral homes |
Demographics
| Radius | Population | Households | Household Income | | 1 | 420 | 178 | $91,428 | | 3 | 21,083 | 8,451 | $76,348 | | 5 | 50,677 | 20,252 | $80,971 | |
| Traffic Count |
Rt 11 23,000 Rt 81 65,000 PA Turnpike 22,000 |
| Price per AC (notes) |
Lot 3: 1.38 Acres - 85,000 net net net Lot 4: 1.54 acres - 75,000 net net net |
| Annual Rent |
160,000 |
| Real Estate Taxes |
lot 3: $3,189 and lot 4: $ 3,284 |
| Operating Expenses |
Tenant |
| Insurance |
Tenant |
| Finish Allowance |
Tenant |
| Lease Term |
29 years 10 months |
| Expense Stop |
Tenant |
| Current Nets base Year? |
T |
| Escalation |
10% Every 5 years |
| Possession |
Signing of lease |
| Building Hours |
N/A |
| Security Deposit |
Credit worthy tenant - none |
| CAM |
Tenant |
| Additional Info |
net net net ground lease - no subordination. Owner will consider sale at price to be negotiated |
Landlord/Tenant Service Responsibilities |
| Heat: |
Tenant |
Taxes: |
Tenant |
| Trash Removal: |
Tenant |
Electric: |
Tenant |
| Insurance: |
Tenant |
Janitorial: |
Tenant |
| Air Conditioning: |
Tenant |
Structural Repairs: |
Tenant |
| HVAC Repairs: |
Tenant |
Parking Lot Maint: |
Tenant |
| Interior Repairs: |
Tenant |
Light bulbs: |
Tenant |
| Water & Sewer: |
Tenant |
Plumbing Repairs: |
Tenant |
| Supplies: |
Tenant |
Roof Repairs: |
Tenant |
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net net net ground lease |
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Information concerning this offering comes from sources deemed reliable, but no warranty is made
as to the accuracy thereof, and it is submitted subject to errors, omissions, change of price
or other conditions, prior sale or lease, or withdrawal without notice. All sizes approximate.
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