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1160 Carlisle St
Hanover, PA 17331
New 7 Brew Ground Lease · Retail Property For Sale

Investment Highlights

  • New 15-year absolute NNN ground lease to 7 Brew, a rapidly growing coffee chain with expansion fueled by its innovative double-lane drive-thru model.
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
  • 7 Brew is now the second-largest drive-thru-only coffee chain in America behind Dutch Bros.
  • 10% rental increases every five (5) years through the initial term and three (3) option periods of five (5) years each deliver steady growth.
  • As of May 2026, 7 Brew operates over 670 locations, up from just seven locations in 2021.
  • 7 Brew opened more than 280 new locations in 2025, one of the largest single-year expansions in the U.S. restaurant industry.

Executive Summary

This property offers an ideal location for 7 Brew, positioned on Carlisle Street, a high-visibility and easily accessible retail corridor with traffic counts exceeding 24,000 vehicles per day. Situated as an outparcel within North Point Plaza Shopping Center—a retail hub anchored by Grocery Outlet and Big Lots—the site benefits from strong cross-shopping synergies and a consistent consumer draw. 7 Brew is now the second-largest drive-thru-only coffee chain in America, behind Dutch Bros with over 670 locations, ensuring reliable tenancy. The surrounding area boasts a robust demographic base, serving 65,779 residents within a five-mile radius and an impressive average annual household income of $96,436 within one mile. Located just one mile from UPMC Hanover, a full-service, 100-bed acute care hospital employing more than 1,200 individuals, the site is well-positioned near a major employment center. The property features an absolute NNN ground lease structure, eliminating management responsibilities by shifting all maintenance and expense obligations—including roof, structure, and parking lot—onto the tenant. Hanover’s market dynamics continue to strengthen as the residential population grows steadily, driven by migration from the Baltimore and York metro areas and ongoing suburban development, with the greater Hanover micropolitan area surpassing 120,000 residents in 2025.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
510 SF
Building Class
C
Year Built
2026
Price
$1,917,000
Price Per SF
$3,758.82
Cap Rate
6%
NOI
$115,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.68 AC
Zoning
CM
Parking
14 Spaces (27.45 Spaces per 1,000 SF Leased)

Property Taxes

Property Taxes

Parcel Number
44-000-10-0023.A0-00000
Land Assessment
$269,060
Improvements Assessment
$353,430
Total Assessment
$622,490
  • Listing ID: 41062584

  • Date on Market: 6/25/2026

  • Last Updated:

  • Address: 1160 Carlisle St, Hanover, PA 17331

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