Franklin Center

Chambersburg PA
On the Market
Property Type :
Retail
Year Built :
1990
Property Size :
174,667 Sft

Overview

Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to exclusively offer Franklin Center (the “Property”), a premier 174,063 SF shopping center. Currently 96.6% occupied, the Property has a best-in-class tenant roster with market leading tenants in their respective categories and industries.

Property Summary

Dick’s Sporting Goods, T.J. Maxx, Ulta, Ollie’s Bargain Outlet, and Petco headline Franklin Center, with each of these tenants having over 7 years remaining on their lease term, with Ollie’s recently executing a 10-year extension and account for over 76% of the gross income. The Property was completely redeveloped in 2015 with new facades, high quality finishes, and a roof replacement, encompassing over 80% of the roofing system. With a superior tenant roster and significant remaining lease term, the newly redeveloped Property offers investors the opportunity to acquire a secure, high quality investment with strong risk-adjusted returns.

Location

Franklin Center is strategically positioned with significant frontage on the region’s primary retail corridor of Lincoln Highway, garnering significant traffic flow, and is less than a half mile from the I-81 Exit, the most heavily traveled highway in the region. Lincoln Highway acts as a regional focal point for retail, with a trade area that extends further than a 10 mile radius, attracting a vast consumer base. With a high concentration of traffic driving tenants located within the same shopping area surrounding Lincoln Highway, including Walmart, Target, Giant and Lowe’s, the market pulls from not just the immediate community, but all surrounding municipalities, and acts as the center of gravity for retail activity.

Map

Documents

If you are interested in obtaining more information from HFF, please execute the confidentiality agreement below. HFF will review the signed agreement and contact you as soon as possible.

Contact Information

Chris Munley1700 Market Street
Suite 3232
Philadelphia, PA 19103
P: 4845324207
F: 4845324215

cmunley@hfflp.com