HAMPDEN SHOPS4957 Carlisle Pike • Mechanicsburg, PA 17050
Offering Memorandum
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HAMPDEN SHOPS4957 Carlisle Pike • Mechanicsburg, PA 17050
Offering Memorandum
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N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and
should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified
information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due
diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the
future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or
asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any
tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable;
however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters
and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of
the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name
is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or
commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
HAMPDEN SHOPS
Mechanicsburg, PA
ACT ID ZAA0300332
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TABLE OF CONTENTS
SECTION
INVESTMENT OVERVIEW 01Offering Summary
Location Overview
Regional Map
Local Map
Aerial Photo
Site Plan
Parcel Map
FINANCIAL ANALYSIS 02Tenant Summary
Lease Expiration Chart
Operating Statement
Notes
Pricing Detail
Acquisition Financing
MARKET OVERVIEW 03
Market Analysis
Demographic Analysis
HAMPDEN SHOPS
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HAMPDEN SHOPS
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INVESTMENT
OVERVIEW
HAMPDEN SHOPS
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EXECUTIVE SUMMARY
OFFERING SUMMARY
MAJOR EMPLOYERS
EMPLOYER # OF EMPLOYEES
Rite Aid 3,644
Navy Ships Parts Control Ctr 3,000
Diakon Lthran Scial Ministries 2,504
Geisinger Holy Spirit 2,300
Harrisburg Hospital 2,300
Highmark Blue Cross Blue Sheld 2,288
ATT Holding Co 2,055
BB&T 2,024
Navsup Weapon System Support 2,000
Legislative Off Comm of PA 1,800
Naval Inventory Control Point 1,700
House Representatives PA 1,569
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2018 Estimate Pop 5,475 66,251 137,788
2010 Census Pop 5,241 61,985 128,922
2018 Estimate HH 2,387 27,500 58,793
2010 Census HH 2,290 25,641 54,939
Median HH Income $63,234 $76,145 $69,157
Per Capita Income $37,183 $40,834 $39,156
Average HH Income $84,826 $97,774 $90,734
VITAL DATA
YEAR 1 YEAR 2
Price $3,995,000 CAP Rate 6.58% 6.61%
Down Payment 25% / $998,750Net Operating Income
$262,860 $263,932
Loan Amount $2,996,250Net Cash Flow After Debt Service
7.32% / $73,076 7.42% / $74,148
Loan Type Proposed New Total Return 14.45% / $144,306 14.85% / $148,281
Interest Rate / Amortization 4.00% / 25 Years
Gross Leasable Area (GLA) 10,700 SF
Price/SF $373.36
Current Occupancy 100%
Year Built / Renovated 2018
Lot Size 1.03 acre(s)
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MAJOR TENANTS
TENANT GLA LEASE EXPIRATION LEASE TYPE
Sprint 2,400 5/31/2024 NNN
Studio Nova 1,500 1/31/2024 NNN
IVXpress 2,040 5/31/2024 NNN
HAMPDEN SHOPS
OFFERING SUMMARY
▪ NNN Multi-Tenant Retail Strip
▪ Newly Redeveloped In 2017- All New Tenants & Leases
▪ All Landlord Expense Are Reimbursable
▪ High Profile National & Regional Tenant Mix
▪ Located On Primary Retail Corridor - Carlisle Pike
INVESTMENT HIGHLIGHTS
Marcus & Millichap is proud to exclusively present 4957 Carlisle Pike, Mechanicsburg, PA 17050.
The subject Property is a 10,700 SF newly renovated retail space known as Hampden Shops with six retail spaces. The site was newly renovated in 2017 and has a tenant
mix that features National tenants such as UBreakIfix, Sprint, & Sharky's Haircuts for Kids. Zoning permits a variety of retail, restaurants, and commercial services which
offers flexibility for any future tenanting needs.
The property was completely redeveloped in 2017 and features all new tenants and new leases. All leases are NNN with Common Area Maintenance Charges Covering -
Taxes, Insurance, All Operating Costs, and Management Fee. All Landlord Expense are Reimbursable to the Landlord - Based on Tenant's proportionate share of the
premises for the CAM, Insurance, Taxes, and Management Fee. Each lease has a 10% increase after each 5 year renewal period.
The Hampden Shops offer 55 parking spaces and is situated on on 1.03 AC. This site is located adjacent to Rite Aid, CVS, AMC Movie Theaters, and a Grocery Anchored
Shopping Center. Nearby is the hard-corner of Sporting Hill Road and Carlisle Pike and is a mid point between Camp Hill and Mechanicsburg in the heart of Harrisburg's
"West Shore" primary retail corridor.
Located 0.22 miles from the Harrisburg Express Way, 54,000 plus cars per day. The average household income over $85,000 within 3 miles, has 19,000 cars per day, and
has over 17,208 feet of frontage on The Carlisle Pike.
INVESTMENT OVERVIEW
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HAMPDEN SHOPS
PROPERTY SUMMARY
OFFERING SUMMARY
PROPOSED FINANCING
First Trust Deed
Loan Amount $2,996,250
Loan Type Proposed New
Interest Rate 4.00%
Amortization 25 Years
Loan Term 5 Years
Loan to Value 75%
Debt Coverage Ratio 1.39
THE OFFERING
Property Hampden Shops
Price $3,995,000
Property Address 4957 Carlisle Pike, Mechanicsburg, PA
Assessors Parcel Number 10-21-0279-005
Zoning Commercial
SITE DESCRIPTION
Number of Stories 1
Year Built/Renovated 2018
Gross Leasable Area 10,700 SF
Ownership Fee Simple
Lot Size 1.03 acre(s)
Parking 55
Parking Ratio Ratio of 5.10/1,000 SF
Topography Flat
Access Points Carlisle Pike & N. Sporting Hill Rd.
UTILITIES
Gas Yes - Tenant Pays
Electric Yes - Tenant Pays
Water Public - Tenant Pays
Sewer Public - Tenant Pays
Trash Yes - Tenant Pays
CONSTRUCTION
Foundation Concrete
Framing Steel, Wood
Exterior Masonry, Stucco, Aluminum
Parking Surface Macadam
Roof Metal
MECHANICAL
HVAC Roof Top Units
Fire Protection Yes - On Site
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LOCATION OVERVIEW
CLOSE PROXIMITY TO:
4957 Carlisle Pike, Mechanicsburg, PA 17050
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMEHAMPDEN SHOPS
PRICING AND VALUATION MATRIX
PROPERTY NAMEHAMPDEN SHOPS
LOCATION OVERVIEW
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REGIONAL MAP
HAMPDEN SHOPS
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LOCAL MAP
HAMPDEN SHOPS
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AERIAL PHOTO
HAMPDEN SHOPS
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SITE
AERIAL PHOTO
HAMPDEN SHOPS
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Marcus & Millichap closes
more transactions than any other
brokerage firm.
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HAMPDEN SHOPS
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PROPERTY PHOTO
AERIAL PHOTO
HAMPDEN SHOPS
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AERIAL PHOTO
HAMPDEN SHOPS
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PARCEL MAP
HAMPDEN SHOPS
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HAMPDEN SHOPS
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FINANCIAL
ANALYSIS
FINANCIAL ANALYSIS
HAMPDEN SHOPS
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TENANT SUMMARY
% Annual Renewal Options
Square Bldg Lease Dates Rent per Total Rent Total Rent Changes Changes Lease Expense and Option YearTenant Name Suite Feet Share Comm. Exp. Sq. Ft. Per Month Per Year on to Type Reimbursements Rental Information
Sprint F 2,400 23.2% 6/1/19 5/31/24 $21.50 $4,300 $51,600 May-2024 $56,760.00 NNN $9,305
Two (2) - Five (5) Year
Options - w/ 10%
Increase
Sharky's Cuts for Kids E 1,200 11.6% 4/5/18 4/4/23 $30.00 $3,000 $36,000 Apr-2024 $39,600.00 NNN $4,625
Two (2) - Five (5) Year
Options - w/ 10%
Increase
Quick Chick D 1,600 15.5% 4/1/20 3/31/25 $28.00 $3,733 $44,800 Apr-2022 $46,399.92 NNN $6,173
Two (2) - Five (5) Year
Options - w/ 3.4%
Annual Increase
UBREAKIFIX C 1,600 15.5% 3/29/18 3/28/23 $27.50 $3,667 $44,000 Mar-2023 $48,399.96 NNN $6,173
Two (2) - Five (5) Year
Options - w/ 10%
Increase
Studio Nova B 1,500 14.5% 2/1/19 1/31/24 $25.00 $3,125 $37,500 Feb-2024 $41,250.00 NNN $5,780
Two (2) - Five (5) Year
Options - w/ 10%
Increase
IVXpress A 2,040 19.7% 6/1/19 5/31/24 $24.00 $4,080 $48,960 Jun-2024 $56,760.00 NNN $8,304
Two (2) - Five (5) Year
Options - w/ 10%
Increase
Total 10,340 $25.42 $21,905 $262,860 $40,359
Occupied Tenants: 6 Unoccupied Tenants: 0 Occupied GLA: 100.00% Unoccupied GLA: 0.00%
FINANCIAL ANALYSIS
HAMPDEN SHOPS
OPERATING STATEMENT
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FINANCIAL ANALYSIS
HAMPDEN SHOPS
NOTES
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FINANCIAL ANALYSIS
HAMPDEN SHOPS
PRICING DETAIL
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TENANT PROFILES
HAMPDEN SHOPS
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UBREAKIFIX
General Information
Tenant Name UBREAKIFIX
Website https://www.ubreakifix.com/
Rentable Square Feet 1,600 SF
Percentage of RBA 15.00%
Lease Commencement 3/29/2018
Lease Expiration 2/22/2028
At uBreakiFix we’re obsessed with gadgets and gizmos. We’re the folks
standing in line on launch day waiting for the latest smartphone or gaming
console. We love all things tech and we’re experts at what we do.
We’re not overly sentimental, but we do what we do because we care about
people and their tech. That’s why uBreakiFix works; we put our customers
above anything else. Of course, we love fixing cracked screens and broken
charge ports, but we get our satisfaction from helping out folks who lost
their connection to the outside world
uBreakiFix fixes electronic devices (it’s in our name after all). From the
classic phone drop in the parking lot to the tablet in the toilet. We’ve seen it
all. We understand how traumatic it is when you break your favorite devices
and we want you to feel better the moment you walk in.
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TENANT PROFILE
HAMPDEN SHOPS
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Sprint
General Information
Tenant Name Sprint
Website https://www.sprint.com/
Parent Company Nu Wave Wireless - Franchise Operator
Headquartered Barrington, IL & Langhorne, PA
Rentable Square Feet 2,400 SF
Lease Expiration 5/31/2024
No. of Locations 50 Plus
Nu-Wave Wireless is a family owned and operated business incorporated in the
state of New Jersey. Founded by Carl Hillen and Scott Thomas, we opened our first
location as Nu-Wave Paging & Cellular in August of 1997. Not long after, we began
doing business as Nu-Wave Wireless to more accurately represent the products and
services we offer. Over the years, we have grown into an organization with over 50
retail and partner locations serving Pennsylvania, New Jersey, and
Delaware.Wireless.
Sharky's Cuts for Kids
General Information
Tenant Name Sharky's Cuts for Kids
Website https://sharkeyscutsforkids.com/
Parent Company Stone Cut Enterprises, INC
Headquartered Mechanicsburg, PA
Rentable Square Feet 1,200 SF
Percentage of RBA 11.20%
Lease Commencement 4/5/2018
Lease Expiration 4/4/2023
No. of Locations 1 Location
At Mechanicsburg Sharkey’s Cuts for Kids, we know that kids and parents want
something different with their haircut experience. So we provide it all: a superior
haircut with warm, experienced stylists in a meticulously clean place filled with fun!
Children can sit in a Dodge Charger Police Car, Firetruck, Frozen Jeep, Lightning
McQueen Race Car, XBOX Stations or Tween Lounge while watching their favorite
cartoons or Netflix!
Older kids will love the chance to play XBox One or PS4 on 40″ screen
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TENANT PROFILE
HAMPDEN SHOPS
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Studio Nova
General Information
Tenant Name Studio Nova
Rentable Square Feet 1,500 SF
Lease Expiration 1/31/2024
General Information
Tenant Name Quick Chick
Rentable Square Feet 1,500 SF
Lease Expiration 3/31/2025
Quick Chick
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TENANT PROFILE
HAMPDEN SHOPS
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Infusion Express
General Information
Tenant Name Infusion Express
Website https://www.infusionexpress.com/
Parent Company IVXpress
Headquartered Brentwood, TN
Rentable Square Feet 2,040 SF
Percentage of RBA 19.7%
Lease Commencement 6/4/2019
Lease Expiration 5/31/2024
No. of Locations 14
IVXpress Inc., doing business as Infusion Express, Inc., provides intravenous and
injectable drug therapies for patients with chronic and sub-acute non-infectious
conditions. The company offers personalized care and intravenous delivery of drugs,
vitamins, and minerals as prescribed by a physician, in a private setting with flexible
hours, covering Actemra, Ascorbic Acid, B12, Benlysta, Boniva, Cimzia ,Entyvio,
Hydration, HYQVIA, Iron/Venofer/Feraheme, IVIG, Krystexxa, Lab Draws, Lemtrada,
MARCUS & MILLICHAP CAPITAL CORPORATION
CAPABILITIES
MMCC—our fully integrated, dedicated financing arm—is committed to providing
superior capital market expertise, precisely managed execution, and unparalleled
access to capital sources providing the most competitive rates and terms.
We leverage our prominent capital market relationships with commercial banks,
life insurance companies, CMBS, private and public debt/equity funds, Fannie Mae,
Freddie Mac and HUD to provide our clients with the greatest range of
financing options.
Our dedicated, knowledgeable experts understand the challenges of financing
and work tirelessly to resolve all potential issues to the benefit of our clients.
National platform
operating
within the firm’s
brokerage offices
$6.24 billion
billion total
national
volume in 2018
Access to more
capital sources
than any other
firm in the
industry
Optimum financing solutions to
enhance value
Our ability to enhance buyer
pool by expanding finance
options
Our ability to enhance
seller control
• Through buyer
qualification support
• Our ability to manage buyers
finance expectations
• Ability to monitor and
manage buyer/lender progress,
insuring timely,
predictable closings
• By relying on a world class
set of debt/equity sources
and presenting a tightly
underwritten credit file
WHY MMCC?
Closed 1,678
debt and equity
financings
in 2018
ACQUISITION FINANCING
HAMPDEN SHOPS
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HAMPDEN SHOPS
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MARKET
OVERVIEW
MARKET OVERVIEW
OVERVIEW
HARRISBURG
Located in the Susquehanna Valley, the Harrisburg metro of
Pennsylvania consists of the counties of Perry, Cumberland and
Dauphin. It is anchored by the cities of Harrisburg and Carlisle. The area
is home to the state capitol in Harrisburg and various federal employers
and military bases, making government a major employment sector. The
community is also home to the Hershey Chocolate Co., which makes the
well-known Hershey Bar and Hershey's Kisses.
▪ Harrisburg’s downtown is a vibrant atmosphere of entertainment, retail and museums. The area
houses government operations, SoMa South of Market District redevelopment area with museums
and a retail area in Strawberry Square, and the Shops On Third.
▪ Harrisburg Area Community College and Harrisburg University of Science and Technology are
among the institutions of higher education that provide a skilled employment base.
▪ Employers represent industries such as service, healthcare, technology, biotechnology and
government. Large firms include Giant Food Stores, Penn State Hershey Medical Center, Hershey
Entertainment and Resorts, the Hershey Co., Highmark and TE Connectivity.
DEMOGRAPHICS
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ECONOMY
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau
HAMPDEN SHOPS
GOVERNMENT PRESENCEA strong government presence includes the Ronald Reagan Federal Building
and the state capitol in Harrisburg.
DIVERSE EMPLOYMENT BASEThe metro includes nearly 50,000 diverse businesses, with large corporations
based or operating locally such as IBM and Hershey Foods.
MILITARY PRESENCEVarious military bases in the area include the Naval Supply Systems Command,
Harrisburg Air Guard Base, Fort Indiantown Gap and Carlisle Barracks.
METRO HIGHLIGHTS
572K
2018POPULATION:
232K
2018HOUSEHOLDS:
40.2
2018MEDIAN AGE:
$63,000
2018 MEDIAN HOUSEHOLD INCOME:
U.S. Median:
38.0U.S. Median:
$58,8004.5%
Growth2018-2023*:
3.1%
Growth2018-2023*:
PROPERTY NAME
MARKETING TEAM
HAMPDEN SHOPS
DEMOGRAPHICS
Source: © 2018 Experian
Created on January 2020
POPULATION 1 Miles 3 Miles 5 Miles
▪ 2023 Projection
Total Population 5,664 68,871 144,140
▪ 2018 Estimate
Total Population 5,475 66,251 137,788
▪ 2010 Census
Total Population 5,241 61,985 128,922
▪ 2000 Census
Total Population 5,104 56,424 117,902
▪ Current Daytime Population
2018 Estimate 11,103 88,542 174,808
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
▪ 2023 Projection
Total Households 2,484 28,966 62,229
▪ 2018 Estimate
Total Households 2,387 27,500 58,793
Average (Mean) Household Size 2.14 2.28 2.26
▪ 2010 Census
Total Households 2,290 25,641 54,939
▪ 2000 Census
Total Households 2,105 22,612 48,629
▪ Occupied Units
2023 Projection 2,484 28,966 62,229
2018 Estimate 2,654 28,712 61,773
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
▪ 2018 Estimate
$150,000 or More 11.18% 15.19% 12.57%
$100,000 - $149,000 16.72% 19.19% 17.39%
$75,000 - $99,999 14.51% 16.37% 16.13%
$50,000 - $74,999 18.64% 16.41% 17.87%
$35,000 - $49,999 14.09% 10.75% 11.83%
Under $35,000 24.87% 22.10% 24.21%
Average Household Income $84,826 $97,774 $90,734
Median Household Income $63,234 $76,145 $69,157
Per Capita Income $37,183 $40,834 $39,156
HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 MilesTotal Average Household Retail Expenditure
$70,326 $76,408 $73,219
▪ Consumer Expenditure Top 10 Categories
Housing $20,177 $21,746 $20,883
Shelter $11,744 $12,652 $12,151
Transportation $9,527 $10,696 $10,248
Personal Insurance and Pensions $6,923 $8,101 $7,544
Food $6,561 $6,871 $6,682
Health Care $5,447 $5,877 $5,504
Utilities $4,501 $4,802 $4,634
Entertainment $3,131 $3,330 $3,240
Household Furnishings and Equipment
$1,944 $2,181 $2,067
Education $1,942 $2,313 $2,178
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
▪ Population By Age
2018 Estimate Total Population 5,475 66,251 137,788
Under 20 21.33% 21.78% 21.82%
20 to 34 Years 18.60% 19.38% 19.78%
35 to 39 Years 6.05% 6.69% 6.74%
40 to 49 Years 12.43% 13.19% 13.06%
50 to 64 Years 19.41% 20.17% 20.51%
Age 65+ 22.19% 18.79% 18.12%
Median Age 43.49 41.70 41.33
▪ Population 25+ by Education Level
2018 Estimate Population Age 25+ 4,072 48,603 100,929
Elementary (0-8) 2.69% 1.35% 1.49%
Some High School (9-11) 3.97% 4.63% 5.22%
High School Graduate (12) 29.56% 27.93% 29.29%
Some College (13-15) 19.89% 16.27% 16.76%
Associate Degree Only 6.37% 7.70% 7.84%
Bachelors Degree Only 24.67% 26.42% 24.68%
Graduate Degree 12.68% 15.14% 14.15%
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Income
In 2018, the median household income for your selected geography is
$63,234, compare this to the US average which is currently $58,754.
The median household income for your area has changed by 37.77%
since 2000. It is estimated that the median household income in your
area will be $75,660 five years from now, which represents a change
of 19.65% from the current year.
The current year per capita income in your area is $37,183, compare
this to the US average, which is $32,356. The current year average
household income in your area is $84,826, compare this to the US
average which is $84,609.
Population
In 2018, the population in your selected geography is 5,475. The
population has changed by 7.27% since 2000. It is estimated that the
population in your area will be 5,664.00 five years from now, which
represents a change of 3.45% from the current year. The current
population is 47.86% male and 52.14% female. The median age of the
population in your area is 43.49, compare this to the US average
which is 37.95. The population density in your area is 1,739.95 people
per square mile.
Households
There are currently 2,387 households in your selected geography. The
number of households has changed by 13.40% since 2000. It is
estimated that the number of households in your area will be 2,484
five years from now, which represents a change of 4.06% from the
current year. The average household size in your area is 2.14
persons.
Employment
In 2018, there are 9,817 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
72.95% of employees are employed in white-collar occupations in this
geography, and 27.75% are employed in blue-collar occupations. In
2018, unemployment in this area is 2.25%. In 2000, the average time
traveled to work was 21.00 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
82.02% White, 3.51% Black, 0.11% Native American and 10.63%
Asian/Pacific Islander. Compare these to US averages which are:
70.20% White, 12.89% Black, 0.19% Native American and 5.59%
Asian/Pacific Islander. People of Hispanic origin are counted
independently of race.
People of Hispanic origin make up 3.15% of the current year
population in your selected area. Compare this to the US average of
18.01%.
PROPERTY NAME
MARKETING TEAM
HAMPDEN SHOPS
Housing
The median housing value in your area was $202,426 in 2018,
compare this to the US average of $201,842. In 2000, there were
1,257 owner occupied housing units in your area and there were 849
renter occupied housing units in your area. The median rent at the
time was $583.
Source: © 2018 Experian
DEMOGRAPHICS
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HAMPDEN SHOPS
DEMOGRAPHICS
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