Leased Retail NNN
For Sale
Contact for pricing
2915 Whiteford Rd, York, PA 17402
Fully leased retail NNN property with a corporate lease to Goodwill and Men’s Warehouse through a remaining five-year term.
Property Size9,535 SF
Price / SF$256.82
Days on Market377
Property Features for 2915 Whiteford Rd
General Information
Standard status
Active
Size
9,535 SF
Property subtype
RETAIL
Occupancy
100%
Site & Location
Traffic Count
45,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Bennett Williams Commercial - Lancaster
(717) 843-5555
Listed By:
Dave Nicholson · License #RS223285L
(717) 880-9611
Source:
Moodyscre
Added: Aug 1, 2025
Changed: Aug 11
Last Checked: Aug 11 at 3:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bennett Williams Commercial - Lancaster
Investment Insights
Based on property information with market context.
This leased retail NNN investment is fully occupied and supported by a corporate NNN lease to Goodwill and Men’s Warehouse. The arrangement provides stable income with a remaining five-year term.
The property is located on high-traffic Whiteford Road with direct access and adjacency to Route 30, delivering approximately 145,000 vehicles per day of exposure. It sits within a thriving retail corridor near major anchors including Target, Kohl’s, Marshalls, Boot Barn, and Dick’s Sporting Goods.
Regional demand indicators in the provided materials include a population of over 353,000 and average household incomes around $77,000 within a 10-mile radius.
The property is located on high-traffic Whiteford Road with direct access and adjacency to Route 30, delivering approximately 145,000 vehicles per day of exposure. It sits within a thriving retail corridor near major anchors including Target, Kohl’s, Marshalls, Boot Barn, and Dick’s Sporting Goods.
Regional demand indicators in the provided materials include a population of over 353,000 and average household incomes around $77,000 within a 10-mile radius.
Key Highlights
- Corporate NNN lease to Goodwill and Men’s Warehouse with a remaining five‑year term
- Fully occupied for immediate cash flow with zero lease‑up risk
- High‑traffic Whiteford Road with direct access and adjacency to Route 30
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,774
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,275,480
$2.3M
Cap Rate 7%
$1,625,343
$1.6M
Cap Rate 9%
$1,264,156
$1.3M
Market Conditions
NOI Build-Up for 9,535 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$171.6K $18.00/SF
− Vacancy
−$9.1K −$0.95/SF
EGI
$162.5K $17.05/SF
− OpEx
−$48.8K −$5.11/SF
NOI
$113.8K $11.93/SF
Area
York County, PA
Vacancy
5.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,275,480
Cap Rate 7%
$1,625,343
Cap Rate 9%
$1,264,156
Alternative Uses
Best Use
Retail
$1.63M
$1.42M – $1.90M
NOI $113,774 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,250 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
45,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
98k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Beauty & Spa 2%
Hotels & Casinos 1%
Home Improvements & Furnishings 1%
Rutters
Shops & Services
45,994 visits/mo
0.4 miles
Sheetz
Shops & Services
40,870 visits/mo
0.5 miles
Apple Ford of York
Shops & Services
2,780 visits/mo
0.1 miles
Cosmoprof
Beauty & Spa
1,655 visits/mo
0.3 miles
Toyota Of York
Shops & Services
1,439 visits/mo
0.3 miles
Demographics for 17402, PA
36,978
Population
14,751
Households
2.5
Avg Household Size
43
Median Age
35%
College-Educated
91%
High-School Grad
18.7 sq mi
ZIP Area
1,977
Density / Sq Mi
$77,134
Median Household Income
$46,039
Median Earnings
$1,307
Median Rent
$247,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fully leased retail NNN property with a corporate lease to Goodwill and Men’s Warehouse through a remaining five-year term.
Where is this nnn property located?
The property is located at 2915 Whiteford Rd York, PA.
What is the asking price?
The asking price for this property is $2,448,817.
What are key features of this property?
This property features: Corporate NNN lease to Goodwill and Men’s Warehouse with a remaining five‑year term; Fully occupied for immediate cash flow with zero lease‑up risk; High‑traffic Whiteford Road with direct access and adjacency to Route 30
