Property Description
Landmark Commercial Realty has been exclusively retained to offer for sale the brand new NNN Kiddie Academy prototype child care located at 3901 Progress Avenue in Harrisburg, Pennsylvania.
This 10,417 square foot building and 6600 SF outdoor play area sits on a 1.37 acres and was built in 2023 for Kiddie Academy who executed a fifteen (15) year lease that commenced in 2023. This opportunity is well positioned on a rare signalized corner at the entrance of Harrisburg's newest 58 AC/200,000 SF mixed use project, Susquehanna Union Green. This new Kiddie Academy prototype will benefit from this underserved trade area boasting Harrisburg's most affluent demographics with an average household income over $115,000 within 1 mile and nearly 2 Million SF of office space within 2 miles. This is a one of a kind investment opportunity in this trade area and market. The Linglestown Road corridor is a growing trade area with the following national brands locating here in the last three years: Wendy's, Starbucks, Chipotle, Jersey Mikes, and more. Over 800 new housing units are being developed within 3/4 mile including more than 300 within or adjacent to this project.
Highlights
Brand New Kiddie Academy Prototype
New 15- Year NNN lease with 10% escalations every 5 years
Rare New Signalized Corner at the entrance to a 58 AC/ 200,000 SF Mixed Use Project.
120 multifamily units to be delivered 3rd quarter 2023 adjacent to the parcel.
Over 500 units under development within 3/4 mile.
Underserved daycare market with wait lists at all nearby daycares.
Affluent residential trade area within 1 mile. Over $115,000 average household income.
Easily accessible to all other Harrisburg sub-markets via I-81 (1.5 miles), Rts. 322/22 (2 Miles) and three miles to the I-81,I-83 interchange.
Multiple major neighborhood and regional shopping hubs within 2 miles including Blue Mountain Commons (Giant anchor) and Susquehanna Marketplace (Lifestyle Center.
Full Address: 3901 North Progress Avenue, Harrisburg, PA 17110
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100
Region: E-NE
County: Dauphin County
Property ID: 4012430
Building Sf: 10417
Parcel Num: 62-013-207
Cap Rate: 6.25
Tenancy Type: Single-Tenant
Brand New Kiddie Academy Prototype New 15- Year NNN lease with 10% escalations every 5 years Rare New Signalized Corner at the entrance to a 58 AC/ 200,000 SF Mixed Use Project. 120 multifamily units to be delivered 3rd quarter 2023 adjacent to the parcel. Over 500 units under development within 3/4 mile. Underserved daycare market with wait lists at all nearby daycares. Affluent residential trade area within 1 mile. Over $115,000 average household income. Easily accessible to all other Harrisburg sub-markets via I-81 (1.5 miles), Rts. 322/22 (2 Miles) and three miles to the I-81,I-83 interchange. Multiple major neighborhood and regional shopping hubs within 2 miles including Blue Mountain Commons (Giant anchor) and Susquehanna Marketplace (Lifestyle Center.
1: Kiddie Academy Occupied: 10417 SF Lease Expiration: 7/31/38