Property profile

2110 Spg Vly Rd Lancaster, PA 17601

OFF-MARKET
Retail space
Property ID
US73-2071930
66,581 SF 6.6 ac lot Built 1998
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 13,225 square foot CVS Pharmacy located at 2110 Spring Valley Road, Lancaster, PA 17601. The property boasts a strong 8.75% cap rate and a substantial net operating income (NOI) of $182,167. Built in 2009, this single-tenant, absolute NNN leased property offers a remaining lease term of approximately 11 years, with multiple options to extend, providing long-term stability and predictable cash flow. The lease commenced September 13, 2010, and expires October 31, 2035. The property sits on a 0.35-acre lot and is zoned GC (General Commercial). The asking price is $2,082,000, translating to a price per square foot of $157.43. This drive-thru equipped location benefits from a highly visible, signalized corner intersection within a dense medical office building corridor, adjacent to a grocery outlet center, and close to Park City Center. The property features a 100% occupancy rate and offers zero landlord responsibilities, making it an ideal, low-maintenance investment. Lease extension options include one (4-year, 3-month) and four (5-year) options, further solidifying the long-term value of this asset. The property's APN is 290-01920-0-0000. This investment is well-suited for out-of-state investors seeking a passive income stream with minimal management requirements.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Construction FRAME
Total area 66,581 SF
Lot 6.6 ac (287,496 SF)
Zoning code CC
APN 290-01920-0-0000
UPID US73-2071930

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Atm
  • Pharmacy
  • Atm
  • Cinema (Bike/Boat/Book/etc) Store

Location

2110 Spg Vly Rd Lancaster, PA 17601-2427
Lancaster metro Census 11701 LANCASTER, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.45M

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2019
Price N/A
2005
$7.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CC · Lancaster, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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