1525 Main St Waynesboro, PA 17268
- Retail properties
- 117,951 SF
- 15.47 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1525 Main St
- Lot size
- 15.47 lot acres
- Property size
- 117,951 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This 117,951-square-foot retail property, located at 1525 E Main St, Waynesboro, PA 17268, is a multi-tenant shopping center anchored by a brand-new (2024 lease) ALDI and Tractor Supply. The center boasts a 96.7% occupancy rate, with a dynamic tenant lineup including Dollar Tree, Rite Aid, and Hardee's/Carl's Jr. A significant portion of the center's income (47.84%) is derived from ALDI and Tractor Supply, which together occupy 44.44% of the gross leasable area (GLA). Tractor Supply recently signed a new 10-year lease extension. The property shows excellent leasing momentum, with 58,051 square feet signed or renewed in 2024. National and credit tenants comprise 94.94% of total revenue, providing income surety. A weighted average lease term (WALT) of 8.62 years further enhances the investment's stability. Significant value-add opportunities exist, including 3,874 square feet available for lease and approximately 75,435 square feet of tenancy currently paying below-market rent (50-70%). The property sits on a 15.47-acre lot and enjoys a prime location along Route 16 (17,714 vehicles per day), within Waynesboro's main retail corridor, offering limited competition. The property consists of nine units and underwent renovations in 2024.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waynesboro
- County
- Franklin
- State
- Pennsylvania
- Longitude
- -77.5522
- Latitude
- 39.7454
