Free-Standing Retail Building in
For Sale
Contact for pricing
871 Lincoln Way E, Chambersburg, PA 17201
2,400 SF retail building on Route 30 for sale.
Property Size2,400 SF
Price / SF$312.50
Days on Market1218
Property Features for 871 Lincoln Way E
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Year Built
2017
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Bennett Williams Commercial
(717) 843-5555
Listed By:
Cale Bruso · License #PA RS357432
Source:
Crexi
Added: Apr 12, 2023
Changed: Aug 11
Last Checked: Aug 10 at 9:23AM
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
Investment Insights
Based on property information with market context.
The property at 871 Lincoln Way West is a 2,400 square foot free-standing retail building. Formerly a Wendy’s, the building is located on the outparcel of Westside Plaza in Chambersburg, PA. Situated at a signalized intersection, the property benefits from excellent frontage and visibility from Route 30. The property is suited for a quick service restaurant, oil change business, or a variety of other retail uses looking to enter the Chambersburg retail market.
Key Highlights
- Excellent Frontage and Visibility from Route 30
- Located at a Signalized Intersection
- Free‑Standing 2,400 Square Foot Retail Building
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
$32,378
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
4.32%
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%
$647,560
$647.6K
Cap Rate 7%
$462,543
$462.5K
Cap Rate 9%
$359,756
$359.8K
Market Conditions
NOI Build-Up for 2,400 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
$48.1K $20.04/SF
− Vacancy
−$4.9K −$2.05/SF
EGI
$43.2K $17.99/SF
− OpEx
−$10.8K −$4.50/SF
NOI
$32.4K $13.49/SF
Area
Franklin County, PA
Vacancy
10.24%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$647,560
Cap Rate 7%
$462,543
Cap Rate 9%
$359,756
Alternative Uses
Best Use
Specialty Retail
$462.5K
$404.7K – $539.6K
NOI $32,378 @ 7.0% cap · market cap 4.32%
Second Best
Retail
$322.2K
$281.9K – $375.9K
NOI $22,554 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$581.9K
$509.2K – $678.9K
NOI $40,735 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,163
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 33%
Hotels & Casinos 2%
Dollar Tree
Shops & Services
16,963 visits/mo
0.3 miles
Taco Bell
Dining
14,317 visits/mo
0.3 miles
Burger King
Dining
11,880 visits/mo
0.5 miles
Hardee's
Dining
9,961 visits/mo
0.0 miles
Advance Auto Parts
Shops & Services
4,094 visits/mo
0.3 miles
Demographics for 17201, PA
27,556
Population
12,749
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
19.1 sq mi
ZIP Area
1,443
Density / Sq Mi
$59,645
Median Household Income
$42,500
Median Earnings
$1,109
Median Rent
$206,800
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?
Retail space - 2,400 SF retail building on Route 30 for sale.
Where is this retail space located?
The property is located at 871 Lincoln Way E Chambersburg, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Excellent Frontage and Visibility from Route 30; Located at a Signalized Intersection; Free‑Standing 2,400 Square Foot Retail Building
