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

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For Sale
$3,695,000

NNN leased retail center anchored by Planet Fitness and UPMC.

Property size:
23,584 SF

Property Features for 1186 Walnut Bottom Rd

General Information

Size
23,584 SF

Building Details

Year built
1997
Source: Tcnworldwide

Listing Agent: Jason Grace, Ccim, Sior

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Planet Fitness Anchored Retail Center

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Central Pennsylvania Surgical ... Surgical Center Stephanie Lyn Bolger, ... Bariatric Surgeon Jade Marie Means, ... Bariatric Surgeon Walnut Bottom Towne ... Shopping Mall UPMC Central PA ... Bariatric Surgeon

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Carlisle
County
Cumberland
State
Pennsylvania
Longitude
-77.2184842
Latitude
40.1780711

FAQs

What type of property is this?
Neighborhood center - NNN leased retail center anchored by Planet Fitness and UPMC.
Where is this neighborhood center located?
The property is located at 1186 Walnut Bottom Rd, Unit | Carlisle Carlisle, PA.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: - NNN Leased Retail Center anchored by Planet Fitness and UPMC Surgical Associates, offering a stable income stream.; - Planet Fitness recently executed a 5-year lease extension through late 2027 with 10% rent increases, demonstrating commitment.; - Located in the Walnut Bottom Corridor, a designated 'Catalyst Site' for a pedestrian-friendly 'Vibrant Town Center' by 2030, indicating future growth.
More about this property
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