500 Walker Rd
Chambersburg, PA 17201
Chambersburg Strip Center · Retail Property For Sale

CBRE is pleased to exclusively present for sale this 9,413 square foot multi-tenant retail center located on Walker Road in Chambersburg, PA. 500 Walker Road is a rare, newer construction center that is 100% leased, a majority of the GLA (85%) being occupied by and corporately guaranteed by national tenants Mattress Firm and Aspen Dental. All three tenants are operating on ten year leases with lease terms remaining ranging from 8+ years to 10 years. This newer construction property was built in 2016 with building and roof systems under new and transferable warranties offering zero deferred maintenance for the astute investor. These NNN leases combined with limited landlord responsibilities offer a higher yield in comparison to other passive investment properties. Aspen Dental is operating a corporately guaranteed NNN lease with over 8 years remaining in its 10 year lease. There are 10% rental increases every 5 years, and three five year options to renew. Mattress Firm, also a corporately guaranteed NNN lease, has over 9 years remaining in its initial lease, with 10% rental increases every 5 years and two five year options to renew. Sports Clips just signed a new 10 year NNN lease with increases every 5 years. This franchisee plans to open in April 2019. 500 Walker Road is located within the Walker Road Shoppes, a new retail development directly adjacent to I-81 and the gateway into Chambersburg’s main retail corridor. Surrounding national retailers include Target, Giant Foods, BJ's Wholesale, KOHL's, Chipotle, Five Below, PetSmart, Olive Garden, Panera, Buffalo Wild Wings, Jimmy John's, Staples and Sheetz to name a few. The site also has immediate access from Interstate 81, and excellent visibility for over 42,000 vehicles traveling by daily on the Interstate.