Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to exclusively offer Lincoln Plaza (the “Property”), a 227,788 square foot, Lowe’s-anchored retail center located in Lancaster, Pennsylvania. Currently 100% leased, the Property includes a total of five tenants; Lowe’s, Community Aid, Mattress Firm, Metro Bank and Fulton Bank.
The tenant roster is highlighted by the credit anchor tenant Lowe’s (Baa1), who occupies 166,144 square feet or 73% of the GLA. Lowe’s has been at the center since 2001, with a very favorable below market rent structure. Community Aid and Mattress Firm make up the remaining inline space and occupy a total of 55,371 square feet or 24% of the GLA. Fulton and Metro Bank are located on pad sites and occupy 6,273 square feet or 3% of the GLA. Fulton bank has been at the property for nearly 25 years, has recently renewed their lease for an additional 10 years, and ranks top in the zip code for bank deposits at $136 million per year.
The Property is located in the Lancaster County market at the intersection of Lincoln Highway (SR 462) totaling a near 20,000 vehicles per day and Rohrerstown Road (SR 741). The immediate surrounding neighborhoods include an affluent and growing consumer base with a population of +77,000 within a three-mile radius, and average incomes of +$78,000. The greater Lancaster market has grown significantly over the past few years, with population growth of 14% since 2000, driven by an influx of job creation, high end school systems and a high quality of life. The Lancaster County retail market has continually proven to be an attractive location for retailers, with over 25 million square feet of existing inventory and a current vacancy rate of 3.1% as of 2018.
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.