Covered Bridge Marketplace

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2405 Covered Bridge Dr, Lancaster, PA 17602

For Lease

1,600 - 3,999 SF

Covered Bridge Marketplace

2405 Covered Bridge Dr, Lancaster, PA 17602

For Lease

1,600 - 3,999 SF

Property Details

Building Size:

38,830 SF

Total Lot Size:

6.54 Acres

Property Type:

Anchored Center

Price:

$26.00/SF

Vacant Space:

5,599 SF

Tenancy:

Multi

Traffic Counts:

Lincoln Hwy E: 29,000 VPD

Population:

3 Mile: 62,644
5 Miles:161,332
10 Miles: 278,529

Building Status:

Existing

NNN PSF:

$4.92

JOIN:

Target, PetSmart, GameStop, Panera

Project Description

Covered Bridge Marketplace is a 38,830 SF, Target shadow anchored retail shopping center ideally positioned along Lincoln Highway East (Rt 30), which is the main thoroughfare for Lancaster, Pa., and its tourism district. The project features signalized access, pylon signage and excellent visibility along the highway. Covered Bridge Marketplace is located less than 1 mile from area draws including the Rockvale Outlets, Tanger Outlets, Dutch Wonderland and The American Music Theatre which cumulatively brings over 2,100,000 tourists to the immediate area every year. To coincide with its mass tourism numbers, the project benefits from its excellent visibility along Lincoln Highway East (Rt 30) which sees over 29,000 VPD. The location of this project and the vast numbers of tourists that the market draws every year, will bring increased traffic and growth to Covered Bridge Marketplace year after year.

Location Description:

The strategically positioned Covered Bridge Marketplace benefits from having 2 points of access along Lincoln Highway East (Rt 30), one of which is signalized. Lincoln Highway East (Rt 30) sees over 29,000 VPD and provides easy access to other major roadways in the market, including: Route 30 (84,000 VPD), Route 283 (46,000 VPD) and Route 222 (53,000 VPD). Located in East Lampeter Township, the project is surrounded by a great mix of family entertainment venues, dense retail and residential, making it the ideal location for any use.

Trade Area Description:

Approximately 11,000,000 tourists come to the Lancaster area each year, generating a direct economic impact of $1.92 billion. The trade area is ranked 5th among the 49 DMAs in Pennsylvania. The immediate trade area has also seen a growth in population of 4.9% in the last 10 years which is above the national average. The closest regional retail corridors to 2347 E Lincoln Hwy include Route 30 and Fruitville Pike. Route 30 is highlighted by the park city mall which is a regional enclosed mall anchored by JCPenney and Kohl’s; other co-tenants include Apple, Michael Kors, Express, H&M and more. Fruitville Pike is highlighted by the Shoppes at Belmont which is a high-end, new construction shopping center anchored by Target and Whole Foods, co-tenants include Nordstrom Rack, PF Chang’s, Starbucks, ULTA & Dick’s Sporting Goods.