70 W King St, Unit | Chambersburg Chambersburg, PA 17201
Single-tenant property with long-term lease and minimal landlord responsibility.
Property size:
7 SFProperty Features for 70 W King St
General Information
- Size
- 7 SF
Source:
Lee-associates
Listing Agent: Chris Kinnard
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Chambersburg NNN Investment Opportunity
This 7,800 square-foot single-tenant property is occupied by a Berkshire Hathaway Realty office. The property features a long-term triple net lease with approximately seven years remaining and only one renewal option. The lease structure provides for little to no landlord responsibility and minimal long-term deferred maintenance. The lease includes 2% annual rent escalations. The tenant is backed by Homesale Real Estate Services, Inc. Over $600,000 in renovations have been completed since 2018. The lease was extended three years early to the maximum term allowable by the parent company. The property is located in Chambersburg, the 22nd largest of 962 boroughs in Pennsylvania, within a growing community. The intended use of the property is for retail purposes.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Nova Corporation
Computer Consultant
American Heritage Property ...
Property Management Company
Berkshire Hathaway HomeServices ...
Real Estate Agent
Diné Development Corp
Corporate Office
Brooke Hill, Realtor
Real Estate Agent
Location Insight
- Map
- Local Demand
- City
- Chambersburg
- County
- Franklin
- State
- Pennsylvania
- Longitude
- -77.6625356
- Latitude
- 39.9389479
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FAQs
What type of property is this?
Retail space - Single-tenant property with long-term lease and minimal landlord responsibility.
Where is this retail space located?
The property is located at 70 W King St, Unit | Chambersburg Chambersburg, PA.
What is the asking price?
The asking price for this property is $1,527,552.
What are key features of this property?
This property features: - Long-Term Triple Net Lease with 7 Years Remaining: Enjoy stable, passive income.; - Credit Tenant Backed by Homesale Real Estate Services, Inc.: Provides security and reliability.; - 2% Annual Rent Escalations: Ensures increasing returns.