1262 Lititz Pike Lancaster, PA 17601-4340

Property Details for 1262 Lititz Pike

Year built

1958

Construction

BRICK

Lot size

21.22 lot acres

Property size

105,995 SF

Zone code

B-4

Property type

Grocery and convenience stores

APN

390-91570-0-0000

APU

3909157000000

Description

This 202,790 square foot shopping center in Lancaster, Pennsylvania, boasts a strong tenant roster including Walgreens, Dollar Tree, Advanced Auto Parts, LA Fitness, and Staples. The center enjoys a prime location with excellent regional connectivity and transportation access, serving a highly desirable trade area with a substantial population and high average household income within a 5-mile radius. The property benefits from a synergistic tenant mix, high occupancy, and significant leasing momentum, providing a stable income stream with a weighted average lease term exceeding 4.5 years and a weighted average tenant tenure exceeding 18.4 years. Over 83% of the income is derived from tenants with national credit ratings. The center's in-fill location and strong tenant base offer investors a secure and durable income opportunity. The anchor tenants, representing 43% of gross income, have been in place for over 19 years. The property's contemporary merchandising mix includes food & beverage, fitness, and other service-oriented uses, creating a true destination-oriented shopping experience. This exceptional investment opportunity combines a stable income stream with significant long-term growth potential in a thriving market. The property's location within Lancaster County provides excellent transportation infrastructure and benefits from significant economic demand drivers in the immediate trade area.

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Longitude

-76.3083

Latitude

40.0611

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments