Penn Towne Center Pad

Property Details

Project Description

This project is proposed development, which is centrally located in Manheim, PA, and situated at a fully signalized, accessible light along Lancaster Road (16,000 V.P.D.). The site consists of 4-acres, making it a great opportunity for multiple pad sites, for medical, grocery, and retail users to enter this market on a busy corridor. You are next door to Penn Towne Center, a 45,780-sf new construction shopping center. Tenants here include Sheetz, Dollar Tree, Arby's, and Cricket Wireless. Other National Tenants in the area include McDonald's, Grocery Outlet, and Dollar General, just to name a few. You are also right down the street from Lancaster General Health.

Location Description:

These pad site opportunities are strategically positioned with significant frontage in the market’s primary retail corridor along Lancaster Road (Rt. 72), which is the areas heaviest traveled roadway. Lancaster Road is also home to the leading auto auction in North America, Manheim Auto Auction, which employs over 18,000 people that handle over 8 million used vehicles per year and facilitate transactions representing nearly $57 billion in value and generate annual revenues of more than $2.6 Billion.

Trade Area Description:

Adding to the stability of the project, this site shows a 20-minute drive time demographic of over 428,369 people with household incomes of more than $75,533 and daytime employment demographics equally as strong with 250,057. The demographics within a 10-mile radius include 308,980 people in 120,345 homes, a labor force of 181,801 with an average household income of $77,406. The area’s growth since 2000 has increased over 15.4% with over 18,634 new homes.

Property Location: