429 S Hanover St
Carlisle, PA 17013
Dollar Tree with 10-Year Lease - Opened 5.4 · Retail Property For Sale

RealINSIGHT Marketplace, in partnership with Zamias Services, is pleased to present 429 South Hanover Street in Carlisle, Pennsylvania, a 14,717 SF single-tenant retail building occupied by Dollar Tree on a brand new 10-year lease that commenced May 4, 2026. Dollar Tree pays $11.25 PSF ($165,566 annually) with tenant responsibility for all exterior common area maintenance, including parking lot sweeping and seasonal snow plowing. The lease includes four five-year renewal options, each with a $0.50 PSF rent step, providing a long runway of contractual income. Built in 2004 and fully renovated in 2026, the property sits on a 1.97-acre site zoned C4 – Neighborhood Commercial at a signalized intersection on South Hanover Street. The location benefits from approximately 79,000 vehicles per day on nearby Interstate 81 and is surrounded by national retailers including Walmart, Target, Lowe's, Home Depot, Kohl's, and Chick-fil-A. With 35,010 residents within three miles and average household incomes of $89,730, Carlisle's Northwest retail corridor supports consistent consumer demand and established co-tenancy.
The lease incorporates a tenant-controlled exterior CAM structure with responsibilities for all outside maintenance, demonstrating minimal landlord obligations. Four additional 5-year renewal options with scheduled rental bumps further enhance its long-term stability and income predictability.