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Carlisle retail building sells for $5M, 7-Eleven signs long-term lease
1003 S. Hanover St., Carlisle, sold for $5.05 million. PHOTO/PROVIDED
Carlisle retail building sells for $5M, 7-Eleven signs long-term lease
Listen to this articleA newly built-to-suit retail listing at 1003 S. Hanover St., Carlisle, sold for $5.05 million, CBRE announced.
North Bergen, New Jersey-based BSG Management Co., a prominent developer in the mid-Atlantic states, sold the property under a long-term NNN lease to a 7-Eleven convenience store.
The CBRE team of Karly Iacono and Patti AmecAngelo led the marketing campaign, represented the seller and sourced the buyer. AmecAngelo was also the exclusive leasing agent.
“Despite the dislocation in the capital markets, buyer demand for quality net lease assets remains strong,” Iacono said in a release. “We were pleased to provide a competitive exit for our client while securing the buyer a solid long-term hold consistent with their investment strategy.”
Offering direct highway access to Interstate 81, the property is an out-parcel to a Home Depot, as well as close to many other major national retailers including a Walmart Supercenter, T.J. Maxx, Tractor Supply Co., Chick-Fil-A, Panera Bread, Cracker Barrel, Chili’s Grill and Bar and CVS.
Paula Wolf is a freelance writer
