DEVELOPMENT OPPORTUNITY

Transcription

1 <- 810' -> DEVELOPMENT OPPORTUNITY BUILD TO SUIT REVERSE BTS GROUND LEASE 8001 Grayson Road, Harrisburg, PA MILROY MILROY ROAD ROAD (9,000+ (9,000+ VPD) VPD) GRAYSON ROAD (10,200+ VPD) <- 810' -> U.S. HWY 322/PAXTON STREET (47,000+ VPD) <- 720' -> Shovel-ready, ±2.27-acre retail site up to ±10,000 SF of buildable GLA Excellent visibility and frontage on signalized hard corner (57,100+ VPD)

2 EXCLUSIVELY OFFERED BY: MIKE KNUDSEN MANAGING PRINCIPAL NNN PROPERTIES GROUP Mobile CA DRE Broker Lic DEVELOPMENT OPPORTUNITY BUILD TO SUIT REVERSE BTS GROUND LEASE 8001 Grayson Road, Harrisburg, PA OPPORTUNITY HIGHLIGHTS TRADE AREA SUMMARY 4 6 GREG HERZ MANAGING PRINCIPAL WCB COMMERCIAL Mobile gregherz@wcbcre.com CA DRE Broker Lic DEMOGRAPHICS AMENITIES MAP PRELIMINARY CONCEPT PLANS SUBJECT PROPERTY DISCLAIMER This Marketing Brochure (the "Brochure") was prepared on the basis of information available to the Landlord and the NNN Properties Group, the Landlord s exclusive agent in connection with the leasing and development of the Property (the "Agent"). Although the information contained in the Brochure is believed to be accurate and reliable, neither the Landlord nor the Agent guarantees its accuracy or completeness. The information provided is not a substitute for a party s active conduct of its own due diligence to determine the accuracy of these and other matters of significance to such party. Prospective lessees should make their own independent assessments, investigations, and projections regarding the Property. Any party contemplating or engaged in lease negotiations for a transaction is urged to verify all information and to conduct their own inspections and investigations, including via appropriate third-party independent professionals selected by such party. BROKER OF RECORD: JDS REAL ESTATE SERVICES 1221 Puerta Del Sol Suite 600 San Clemente, CA Office PA Broker Lic. RM The Landlord reserves the right, in its sole discretion, to reject any offer to lease the Property or to terminate any negotiations with any party at any time, with or without notice. The Landlord shall have no legal commitment or obligation to any prospective lessee unless and until a written Lease Agreement has been fully executed, and any and all conditions to the Landlord s obligations thereunder have been fully satisfied or waived. The Landlord is responsible for any commission due to the Agent, as well as any Tenant's duly authorized procuring agent, in connection with a fully executed lease agreement or agreements pertaining to the Property. The Landlord shall not be responsible for any commission claimed by any other agent or broker in connection with a fully executed lease agreement or agreements pertaining to the Property. No other party, including the Landlord s exclusive Agent, is authorized to make any representation or agreement on behalf of the Landlord. This Brochure remains the property of the Landlord and its exclusive Agent, and may be used only by parties approved by the Landlord and its exclusive Agent.

3 4 DEVELOPMENT OPPORTUNITY // OPPORTUNITY HIGHLIGHTS 8001 GRAYSON ROAD, HARRISBURG, PA MILROY MILROY ROAD ROAD (9,000+ (9,000+ VPD) VPD) OPPORTUNITY HIGHLIGHTS SUBJECT PROPERTY (±2.27 ACRES, ±10,000 SF MAX BLDG. SIZE) Property Address: Market: Site Description 8001 Grayson Road, Harrisburg, PA Harrisburg/Caylisle, PA CBSA The NNN Properties Group is pleased to exclusively offer for lease a prime ±2.27-acre development site featuring tremendous visibility, access, traffic counts and demographics with the potential to build Submarket: Parcel Area: Harrisburg Area East ±98,881 SF (±2.27 AC) up to ±10,000 square feet of commercial improvements located just 9.6 miles east of downtown Harrisburg, Pennsylvania. Max Building Size: ±10,000 SF (Divisible) Shovel-ready, ±2.27-acre commercial site at grade GRAYSON ROAD (10,200+ VPD) <- 810' -> Development Structure: Lease Structure: BTS, Reverse BTS, or Ground Lease NNN or NN New construction buildable up to ±10,000 SF; build to suit, reverse BTS and ground lease opportunities available Rent PSF: Negotiable C-G zoning allows for variety of STNL retail uses, including drive-thrus <- 720' -> Term Length: Negotiable APN: Zoning: C-G (General Commercial) Triangular parcel situated on busy signalized intersection (57,100+ VPD), featuring premium visibility, exposure and access ±810' of frontage on Grayson Road (10,200+ VPD) U.S. HWY 322/PAXTON STREET (47,000+ VPD) Max Parking: 86 Surface Spaces ±720' of frontage on U.S. Hwy 322/Paxton Street (46,900+ VPD) Max Parking Ratio: Cross Streets: Combined Traffic Counts: 8.60/1,000 SF U.S. Route-322 & Grayson Road 57,100+ VPD Ample potential parking (up to 8.6 surface spaces/1,000 SF) Highway signage available HAMBERS HILL ROAD (4,000+ VPD) Features: Signalized Corner, Dual Curb Cuts, Pylon Signage Population Density (1-3-5 mi): 5,000+ / 36,800+ / 115,600+ Average HH Income (1-3-5 mi): $74,400+ / $93,000+ / $82,200+ Low barriers to entry market with tremendous demographics Located near Norfolk Southern Railroad Yard on strong commercial corridor with complementary mix of retail, industrial & medical users

4 6 DEVELOPMENT OPPORTUNITY // TRADE AREA SUMMARY 8001 GRAYSON ROAD, HARRISBURG, PA TRADE AREA SUMMARY HARRISBURG, PA Located on the east bank of the Susquehanna River 107 miles west of Philadelphia, Harrisburg is the capital city of Pennsylvania, and the county seat of Dauphin County. With a population of 49,192, it is the 15th largest city in the state. Harrisburg is the anchor of the Susquehanna Valley Metropolitan Statistical Area (MSA), which had a 2017 estimated population of 571,903, making it the fourth most populous MSA in Pennsylvania and 96th most populous MSA in the United States. Harrisburg's economy and more than 45,000 businesses are well diversified with a large representation of service-related industries, especially health-care and a growing technological and biotechnology industry to accompany the dominant government field inherent to being the state's capital. National firms either headquartered in the region or with major operations include Ahold USA, Arcelor Mittal Steel, HP, IBM, Hershey Foods, Harsco Corporation, Rite Aid Corporation, Tyco Electronics, and Volvo Heavy Machinery. The largest employers, the federal and state governments, provide stability to the economy. The region's extensive transportation infrastructure has allowed it become a prominent center for trade, warehousing, and distribution. In 2010 Forbes rated Harrisburg as the second best place in the U.S. to raise a family. In 2010, The Daily Beast website ranked 20 metropolitan areas across the country as being recession-proof, and the Harrisburg region landed at No. 7. The financial stability of the region is in part due to the high concentration of state and federal government agencies. CLICK HERE FOR COMPREHENSIVE RETAIL MARKET REPORT

5 8 DEVELOPMENT OPPORTUNITY // DEMOGRAPHICS 8001 GRAYSON ROAD, HARRISBURG, PA DEMOGRAPHICS CLICK HERE FOR COMPREHENSIVE DEMOGRAPHICS REPORT Radius 1 Mile 3 Mile 5 Mile Population 2023 Projection 4,491 36, , Estimate 4,334 36, , Census 3,702 33, ,164 Growth % 2.39% 1.77% Growth % 8.76% 5.01% 2018 Population Hispanic Origin 360 2,072 8, Population by Race White 3,435 29,063 90,781 Black 591 3,497 14,806 Am. Indian & Alaskan Asian 159 2,417 6,983 Hawaiian & Pacific Island Other 143 1,011 3,763 Households 2023 Projection 1,903 15,419 49, Estimate 1,837 15,063 48, Census 1,570 13,875 46,627 Growth % 2.36% 1.76% Growth % 8.56% 4.89% Owner Occupied 1,403 11,120 32,119 Renter Occupied 434 3,943 16, Avg Household Income $74,709 $93,740 $82, Med Household Income $67,379 $71,561 $65, Households by Household Income <$25, ,674 7,003 $25,000 - $50, ,772 10,645 $50,000 - $75, ,631 11,272 $75,000 - $100, ,274 7,603 $100,000 - $125, ,351 4,006 $125,000 - $150, ,000 3,006 $150,000 - $200, ,217 2,617 $200, ,143 2,755 36,800+ RESIDENTS WITHIN 3 MILES $103,500+ AVG. INCOME WITHIN 3 MILES

6 10 DEVELOPMENT OPPORTUNITY // AMENITIES MAP 8001 GRAYSON ROAD, HARRISBURG, PA AMENITIES MAP 1 2 PENN STATE HOSPITAL 1 Sunpointe Townhomes 155 Units NORTHERN SUFFOLK RAILROAD YARD 5 PEDIATRIC ASSOCIATES 2 Rutherford Park 85 Units Laura Acres Apartments 4 The Woodlands 92 Units 73 Units SUBJECT PROPERTY 5 Waterford at Summit View 132 Units HARRISBURG MALL

7 , 12 DEVELOPMENT OPPORTUNITY // PRELIMINARY CONCEPT PLANS 8001 GRAYSON ROAD, HARRISBURG, PA PRELIMINARY CONCEPT PLANS K:\ \dwg\Civil\ _A.dwg, 12/14/ :55:22 PM SKETCH PLAN FOR LANDS LOCATED AT GRAYSON ROAD AND U.S. ROUTE 322 SWATARA TOWNSHIP DAUPHIN COUNTY PENNSYLVANIA 8001 GRAYSON ROAD PROPERTY GRAPHIC SCALE ( IN FEET ) 1 INCH = 60 FT. NO. DATE DESCRIPTION DRAWN BY CHECKED BY SCALE DATE DWG. NO. FILE NO. SHEET NO. 38 NORTH DUKE STREET, YORK, PA PHONE (717) FAX (717) WEST MIDDLE STREET, GETTYSBURG, PA PHONE (717) FAX (717) W. JAMES STREET, SUITE 102, LANCASTER, PHONE (717) FAX (717) PA DPA/BAM 1" = 60' 12/12/ _A OF 1

8 DEVELOPMENT OPPORTUNITY BUILD TO SUIT REVERSE BTS GROUND LEASE 8001 Grayson Road, Harrisburg, PA MILROY MILROY ROAD ROAD (9,000+ (9,000+ VPD) VPD) GRAYSON ROAD (10,200+ VPD) <- 810' -> <- 810' -> U.S. HWY 322/PAXTON STREET (47,000+ VPD) <- 720' -> EXCLUSIVELY OFFERED BY: MIKE KNUDSEN MANAGING PRINCIPAL NNN PROPERTIES GROUP Mobile CA DRE Broker Lic GREG HERZ MANAGING PRINCIPAL WCB COMMERCIAL Mobile CA DRE Broker Lic BROKER OF RECORD: JDS REAL ESTATE SERVICES 1221 Puerta Del Sol Suite 600 San Clemente, CA Office PA Broker Lic. RM422728