100 Bar DrCamp Hill, PA 17011

For Sale
$2,700,162

NNN Lease, 9.8 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 4,370 square foot Charles Schwab bank located within the Camp Hill Commons shopping center in Camp Hill, Pennsylvania. The property, built in 2024, sits on a 2.07-acre lot and is offered at $2,700,162, representing a price per square foot of $617.89 and a 6.15% cap rate. The property boasts a strong Net Lease (NNN) structure with a credit-rated, corporate guarantee from Charles Schwab, minimizing landlord responsibilities. The current lease, with a remaining term of 9.8 years, includes two 5-year lease options with 10% rent bumps in each option period, ensuring future income growth. The location within the vibrant Camp Hill Commons benefits from high visibility, excellent accessibility, and proximity to major roadways, drawing from a substantial daytime population of 143,786 within a 3-mile radius and an average household income of $93,541. The surrounding area includes a diverse mix of national and local businesses, creating a synergistic and attractive commercial environment. The property's strong NOI of $166,060 further underscores its investment potential. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a financially stable, nationally recognized tenant.

Highlights

  • Investment-grade corporate guarantee from Charles Schwab, a financially strong tenant with over 400 branches and $20B+ in 2023 revenue.
  • Strategic location in Camp Hill Commons, a thriving commercial hub with high visibility and accessibility, serving a 3-mile radius with 143,786 daytime population and $93,541 average household income.
  • Lease includes 10% rent increases in each of two 5-year option periods, ensuring future income growth.
  • New construction (completion late summer 2024), offering modern facilities tailored to Charles Schwab's needs.
  • Strong complementary businesses nearby, including national chains and local favorites, creating a synergistic retail environment with 11,145 vehicles per day on Erford Road.
  • Excellent visibility and signage within the Camp Hill Commons shopping center.

Property Details for 100 Bar Dr

Property type
Other retail properties, Individual retail properties
Square Feet
4,370 SF
Year Built
2024
Lot Size (sq. ft)
90,169 SF

Location Insight

City
Camp Hill
County
Cumberland
State
Pennsylvania
Latitude
40.256716713014
Longitude
-76.918439108587
100 Bar Dr, Camp Hill, Pennsylvania

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100 Bar Dr
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