Newville - Dollar General Strip
Strip Center Investment Opportunity | 7.98% CAP | 14,341 SqFt
Marketing description
The property features a dynamic, recession-resistant tenant lineup consisting of Dollar General, H&R Block, and Diamond Palace Skill Games, creating a diverse neighborhood hub that benefits from immense daily crossover foot traffic due to its strategic position directly across the street from a high-performing Weis Markets and Weis Gas Station center.
Constructed in 2013, the building features modern design efficiencies and code compliance. Its relatively recent construction minimizes immediate capital expenditure (CapEx) exposure for an incoming buyer regarding structural elements like the roof, facade, and parking lot.
Currently operating at 86% occupancy, the asset provides a blend of stable, high-yielding immediate income paired with an immediate 2,009 sq ft auxiliary space. This non-retail footprint is ideally suited for low-overhead storage, a small local contractor workshop, or an e-commerce fulfillment space, offering an investor easy-to-manage, incremental income without the build-out costs of traditional retail.
Located on Route 233 (the key connector between I-81 and I-76) with direct access to Main Street/Downtown Carlisle, this site captures heavy commuter traffic and a 5-mile population of ~11,919. It sits within a mile of Newville Elementary, Big Spring Middle, and Big Spring High School, drawing a built-in daily customer base of families and staff.
Investment highlights
- Retail Synergy — The property features a dynamic, recession-resistant tenant lineup consisting of Dollar General, H&R Block, and Diamond Palace Skill Games, creating a diverse neighborhood hub that benefits from immense daily crossover foot traffic due to its strategic position directly across the street from a high-performing Weis Markets and Weis Gas Station center.
- Extended Commitment — H&R Block has firmly established its presence at this location and recently executed an early lease extension through January 31, 2035. The lease extension features attractive 2.5% annual rent increases, providing an investor with a compounding, predictable yield and a strong hedge against inflation.
- Modern Build — Constructed in 2013, the building features modern design efficiencies and code compliance. Its relatively recent construction minimizes immediate capital expenditure (CapEx) exposure for an incoming buyer regarding structural elements like the roof, facade, and parking lot.
- Flexible Upside — Currently operating at 86% occupancy, the asset provides a blend of stable, high-yielding immediate income paired with an immediate 2,009 sq ft auxiliary space. This non-retail footprint is ideally suited for low-overhead storage, a small local contractor workshop, or an e-commerce fulfillment space, offering an investor easy-to-manage, incremental income without the build-out costs of traditional retail.
- Strategic Regional Hub with Elite Performance — Located on Route 233 (the key connector between I-81 and I-76) with direct access to Main Street/Downtown Carlisle, this site captures heavy commuter traffic and a 5-mile population of ~11,919. It sits within a mile of Newville Elementary, Big Spring Middle, and Big Spring High School, drawing a built-in daily customer base of families and staff. This high-volume traffic is proven by AlphaMap data, which ranks Dollar General 51st nationally (70th in PA) and H&R Block 43rd nationally (62nd in PA).
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