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Views: 898 DOM: 135 Updated: 11.06.24 Posted: 07.09.24 Status: Active

Summary

Price $3,020,000
Built/Renov 2024
Tenant Charles Schwab
Cap Rate 5.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 4,370
Lease Start 08-26-2024
#Units 380
Price/SF $691.08
Expiration 08-31-2034
Tenant Type Bank/Financial
NOI $166,060
R. Term 9.9
Ownership Fee Simple
Rent/SF $38.00
Increases 10.0%/10/yrs
Pop 5Mi 192,648
Lot/AC 2.07
Options 2/5yrs/10%
AHHI 5Mi $95,132

Lease Highlights

  • Brand-new 2024 construction
  • New 10-year lease with 2 (5-year) options to extend
  • The lease includes 10% rental increases at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Charles Schwab is strategically located on Bar South Drive within Camp Hill Commons, a newly redeveloped 16-acre site. The property is surrounded by well-known national tenants such as Starbucks, Comfort Suites, Sheetz, and several local retailers including Tonino’s Pizza, Olive Oil Grille, Bronzed Bunny salon, and the Camp Hill Cafe. The 5-mile trade area is supported by a population of...

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Maps

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  • 5 Miles

Tenant

  • Tenant: Charles Schwab
  • Guarantor:Corp T and Rated
  • Company:Charles Schwab Corporation
  • # Units:380
  • Tenant S&P: A-
  • Moody’s: A2
  • Stock: NYSE: SCHW

About Tenant

The Charles Schwab Corporation (Schwab) is an American multinational financial services company. It offers banking, commercial banking, investing, and related services including consulting, and...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 7,277 89,227 196,776
2024 Total Population : 7,271 86,899 192,534
2024 Employed Civilian Pop : 3,985 47,931 101,765
2024 Total Businesses : 311 4,721 8,783
2024 Average Household Income : $ 90,900 $ 94,529 $ 100,769
2024 Total Consumer Spending : $ 260 M $ 3118 M $ 7085 M
2024 Median Age : 38 39 40
2024 Total Households : 3,256 37,496 80,115
2024 Pop Age 25+: Bachelor's Degree : 1,153 14,583 32,053
2024 Average Home Value : $ 280,067 $ 295,052 $ 306,155
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Front Street State Hwy 2021 18,218 0.06 mi
North Front Street State Hwy 2022 7,306 0.06 mi
S Enola Rd 2021 705 0.17 mi
S Enola Rd Market St 2019 8,580 0.23 mi
N Front St Haldeman St 2019 15,462 0.43 mi
North Front Street Taylor Brg Byp 2022 14,611 0.52 mi
Poplar Church Road Edna St 2019 2,529 0.71 mi
Poplar Church Rd Brier Rd 2017 3,269 0.80 mi
Poplar Church Road Brier Rd 2021 4,530 0.82 mi
Stella Street N 2nd St 2021 5,522 0.84 mi

Listing Broker

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