Advance Auto Parts Sublease

Property Details

Project Description

Leola Commons is a neighborhood grocery anchored retail shopping center situated along New Holland Pike (Route 23) in Leola, Pennsylvania. The center is anchored by a regional discount grocer, Sharp Shopper and has other co-tenants including Two Brother’s Pizza. Sublease of a former Advance Auto Parts store totaling 8,040 SF is available on a prominent end-cap of the shopping center. Current Lease expires on 8/31/2027 and Landlord has expressed interest in working with a new Tenant desiring additional term.

Location Description:

Leola Commons is strategically positioned with significant frontage along the market’s primary retail corridor along New Holland Pike (9,618 CPD). The center benefits from the high-volume traffic flow of New Holland Pike, which is one of the market’s heaviest traveled roadways. The roadway acts as a focal point for retail, with a trade area that extends more than 5 miles, attracting a vast customer base. With the high concentration of traffic driven by the surrounding retail, the center pulls from not just the immediate trade area but the surrounding market points as well.

Trade Area Description:

Adding to the stability of the project, Leola Commons shows a 20-minute drive time demographic of over 391,077 people with household incomes of more than $77,386 and daytime employment demographics equally as strong with 243,500. The demographics within a 10- mile radius include 315,291 people in 120,288 homes, a labor force of 203,889 with an average household income of $77,023. The area’s growth since 2000 has increased over 13.8% with 16,630 new homes.

Property Location: