300 Bailey Dr
Stewartstown, PA 17363
Bailey Springs Town Center · Retail Property For Sale

Closing can be extended from a 30 day to 60 day close, please review contract package for further details. Property tours are available by appointment ONLY. Please contact John Cairnes to schedule at johncairnes@verizon.net or 410-557-8080. Investment Highlights: ñ 15,800 SF multi-tenant retail strip center on large ñ 2.55 acre site ñ 77.22% occupied long term tenancy base Cash flowing value-add opportunity through lease up of the available ñ 3,599 SF Stabilized NOI of $131,754 Retail trade area location with Dollar General across street Investment Overview: Bailey Springs Town Center (the ???Property???) is located at 300 Bailey Drive, minutes from downtown Stewartstown. The Property is a 15,800 SF single-story, multi-tenant retail strip center on 2.55 acres in Stewartstown, Pennsylvania. The Property was built in 2006 and is currently 77.22% occupied as of the rent roll dated 8/28/2017. Totaling eleven suites, two tenants occupy seven of those suites. Three of the four tenants have been there ten or more years; one of those has been in occupancy since 2001. There are currently two vacant spaces which totals 3,600 sq. ft. With 78 parking spaces, the Property has an ap With 78 parking spaces, the Property has an approximate parking ratio of 4.94/1000 square feet. Building and pole mounted lighting provide exterior lighting. The Property is located 18.2 miles southeast of York, 26 miles east of Hanover, 40 miles southwest of Lancaster, and 43 miles north of Baltimore, Maryland. Philadelphia is approximately 100 miles to the east. Interstate 93, 4.2 miles from the Property, is a major highway corridor running from Baltimore, Maryland to Harrisburg, Pennsylvania. Harrisburg International Airport is approximately 52 miles to the north, Baltimore/Washington International Thurgood Marshall Airport is approximately 60 miles to the south, and Philadelphia International Airport is approximately 90 miles to the east. Surrounding land uses consist primarily of commercial properties to the east with residential properties primarily to the north, south and west. The area's demographics include an estimated 2017 population of 8,004 people with an average household income of $91,261 within a 3-mile radius of the Property. York County is home to many major companies including Dentsply Sirona (York), Glatfelter (York), Pfaltzgraff (York), Snyder???s of Hanove