1235 S Market St, Elizabethtown, PA 17022
- Auto shops
- 0.85 lot acres
Current Use by Public Records
- Auto shops
Property Details for 1235 S Market St
- Lot size
- 0.85 lot acres
- Zone code
- C-G
- Property type
- Auto shops
- APN
- 250-40734-0-0000
- APU
- 2504073400000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 16, 2024 | — | Autozone Development LLC | Az 1235 LLC | Lease | — |
| Dec 2, 2021 | — | Az 1235 LLC | — | Deed · related | $35k · Jonestown Bank & Trust Co |
| May 3, 2021 | — | Az 1235 LLC | James A Narpo | Deed | — |
| May 1, 2018 | — | James A Nardo | — | Deed · related | $875k · Jonestown Bk&tr |
| Oct 30, 2006 | — | James A Nardo | Nardo,james A & Sharon L | Quit Claim Deed · related | — |
| Aug 25, 2003 | $88,000 | James A Nardo | Fetter,anna M & Werner Z | Grant Deed | $100k · Commerce Bank Harrisburg NA |
| — | — | James A Nardo | — | Deed Of Trust · related | $875k · Jonestown Bk&tr |
Description
This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN retail property leased to AutoZone. Located at 1235 S Market St, Elizabethtown, PA 17022, this 6,816 square foot building, constructed in 2023, sits on a 1.15-acre lot. The property boasts a 20-year lease commencing June 1, 2023, with a remaining term of 18.5 years. The lease includes two 5% rent bumps, in year 11 and year 16, and four 5-year lease options. The current annual net operating income (NOI) is $140,004, resulting in a 4.75% capitalization rate. The asking price is $2,947,453, translating to a price per square foot of $432.43. This strategically located property benefits from high traffic counts on South Market Street (20,177 vehicles per day), proximity to Interstate PA-283 (under 1.5 miles), and its position near Elizabethtown College and other national retailers. The property is situated in a high-growth area, experiencing a 10.6% population increase within a 5-mile radius since 2010. The lease is corporately guaranteed by AutoZone Corp. (S&P: BBB), a financially stable company operating over 6,000 locations nationwide. This is a rare opportunity to acquire a brand-new, high-performing AutoZone location with significant long-term growth potential.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Elizabethtown
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.5914
- Latitude
- 40.1412
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA
