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Property profile & analytics
OFF-MARKET Estimated value $16,220,000
Grocery and convenience stores

1262 Lititz Pike Lancaster, PA 17601-4340

105,995 SF 21.22 ac lot Built 1958
Entity Owned 22-yr Hold ~ Est. High Equity
Property ID
US73-1600131
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1958
Construction BRICK
Total area 105,995 SF
Lot 21.22 ac (924,343 SF)
Zoning code B-4
APN 390-91570-0-0000
UPID US73-1600131
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Walgreens Pharmacy
  • Walgreens Photo (Bike/Boat/Book/etc) Store
  • FedEx OnSite Postal Service Courier Service
  • Walgreens Pharmacy Pharmacy
  • Bitcoin Depot | BDCheckout Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$19.19M
Comparable Approach Comparable
$10.56M
Blend (final) Blend
$16.22M
Owner & transaction history
Triangle Center Associates · 22 yrs held
Triangle Center Associates
since 2004
5 recorded transactions
2022
Price N/A
2022
Price N/A
2008
Price N/A
2004
$11.3M
1969
Price N/A
Zoning & alternative use
B-4 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $24.7M +14.6%
Medical building $24.1M +12.0%
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