2110 Spg Vly Rd Lancaster, PA 17601-2427

Property Details for 2110 Spg Vly Rd

Year built

1998

Construction

FRAME

Lot size

6.60 lot acres

Property size

66,581 SF

Zone code

CC

Property type

Retail space

APN

290-01920-0-0000

APU

2900192000000

Description

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.

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Longitude

-76.3584

Latitude

40.0623

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments