NNN Leased La-Z-Boy Retail
For Sale
Contact for pricing
728 Loucks Road, York, PA 17404
NNN leased La-Z-Boy showroom on Loucks Road with 118,000 VPD.
Property Size15,340 SF
Price / SF$241.20
Days on Market68
Property Features for 728 Loucks Road
General Information
Standard status
Active
Size
15,340 SF
Property subtype
Retail
Zoning
EC
Additional Details
Traffic Count
118,000 vehicles/day
Listing Agency:
Scope Investment Real Estate Services
(215) 302-4400
Listed By:
Piruz Partow · License #RS362309
Source:
Crexi
Added: Jun 3
Changed: Aug 8
Last Checked: Jun 6 at 3:49AM
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 Scope Investment Real Estate Services
Investment Insights
Based on property information with market context.
This is a for-sale NNN leased retail showroom currently occupied by La-Z-Boy. The property is offered with an established, single-tenant retail use and totals 15,340 square feet.
Located at 728 Loucks Road in York, PA 17404, the site benefits from stated access to high-volume traffic, with a reported 118,000 VPD traffic count. The current tenant operation is tied directly to the showroom format.
For investors, this offering presents a straightforward NNN retail structure with one operating tenant and a consumer-facing showroom environment. For brokers and tenants, the configuration supports furniture retail merchandising, with the existing layout designed for a La-Z-Boy showroom use. This is a practical fit for buyers who want exposure to a NNN leased retail showroom and value visibility from a heavily traveled road.
Located at 728 Loucks Road in York, PA 17404, the site benefits from stated access to high-volume traffic, with a reported 118,000 VPD traffic count. The current tenant operation is tied directly to the showroom format.
For investors, this offering presents a straightforward NNN retail structure with one operating tenant and a consumer-facing showroom environment. For brokers and tenants, the configuration supports furniture retail merchandising, with the existing layout designed for a La-Z-Boy showroom use. This is a practical fit for buyers who want exposure to a NNN leased retail showroom and value visibility from a heavily traveled road.
Key Highlights
- NNN leased La‑Z‑Boy showroom
- Located on Loucks Road with 118,000 VPD traffic count
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
$183,040
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
4.95%
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%
$3,660,800
$3.7M
Cap Rate 7%
$2,614,857
$2.6M
Cap Rate 9%
$2,033,778
$2.0M
Market Conditions
NOI Build-Up for 15,340 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
$276.1K $18.00/SF
− Vacancy
−$14.6K −$0.95/SF
EGI
$261.5K $17.05/SF
− OpEx
−$78.4K −$5.11/SF
NOI
$183.0K $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%
$3,660,800
Cap Rate 7%
$2,614,857
Cap Rate 9%
$2,033,778
Alternative Uses
Best Use
Retail
$2.61M
$2.29M – $3.05M
NOI $183,040 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.44M
$3.89M – $5.18M
NOI $310,903 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
118,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
375k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 26%
Groceries 18%
Home Improvements & Furnishings 9%
Chick-fil-A
Dining
53,116 visits/mo
0.3 miles
Weis Markets
Groceries
46,843 visits/mo
0.3 miles
Rutters
Shops & Services
29,618 visits/mo
0.4 miles
Royal Farms
Shops & Services
26,465 visits/mo
0.1 miles
Starbucks
Dining
25,642 visits/mo
0.5 miles
Demographics for 17404, PA
37,745
Population
15,716
Households
2.4
Avg Household Size
38
Median Age
30%
College-Educated
89%
High-School Grad
21.5 sq mi
ZIP Area
1,756
Density / Sq Mi
$75,882
Median Household Income
$43,408
Median Earnings
$1,136
Median Rent
$176,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - NNN leased La-Z-Boy showroom on Loucks Road with 118,000 VPD.
Where is this nnn property located?
The property is located at 728 Loucks Road York, PA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: NNN leased La‑Z‑Boy showroom; Located on Loucks Road with 118,000 VPD traffic count
