1186 Walnut Bottom Rd, Unit | Carlisle Carlisle, PA 17015

This 23,584 square foot retail center is anchored by Planet Fitness and UPMC Central Pennsylvania Surgical Associates. Located in Carlisle, PA, within the Walnut Bottom Towne Center, the property sits adjacent to a 128,000 square foot U-Haul Rental Retail & Self Storage Center. The location is along the Interstate I-81 highway corridor. Planet Fitness, occupying approximately 18,000 square feet, recently exercised a five-year lease extension through late 2027. UPMC Central Pennsylvania Surgical Associates also executed a new five-year lease. The property is a condo pad unit within Walnut Bottom Towne Center. The site is one of three "Catalyst Sites" in the Township's Walnut Bottom Corridor Master Plan, which aims to create a pedestrian-friendly "Vibrant Town Center" by 2030. The current Walnut Bottom Towne Center is expected to add additional pad site development to revitalize the retail and amenities in the area. A 41-acre mixed-use development known as Cambria Place is located directly across Walnut Bottom Road. Preliminary land development plans, approved in Q3 2021, propose 396 new residential units, including 60 townhomes and 336 apartment units within seven buildings, plus a clubhouse. Additionally, a 126-acre development site immediately to the southwest is proposed as a walkable neighborhood with diverse housing options, parklets, sidewalks, new office and retail uses, and trails. The property is located near the UPMC Pinnacle Hospital Campus. Planet Fitness has occupied the property since 2009, and its national franchisee operates 105 clubs in multiple states. UPMC executed a new four-year lease that commences Q2 2023 and has annual rent increases.