517 Airport Rd Lititz, PA 17543-9339
- Office Properties & Spaces
- 73,139 SF
- 10.80 lot acres
Mar 20, 2025
Current Use by Public Records
- Office Properties & Spaces
Property Details for 517 Airport Rd
- Year built
- 1940
- Construction
- STEEL FRAME
- Lot size
- 10.80 lot acres
- Property size
- 73,139 SF
- Zone code
- I-3
- Property type
- Office Properties & Spaces
- APN
- 390-74354-0-0000
- APU
- 3907435400000
Description
This exceptional investment opportunity presents a 115,450 square foot warehouse in Lititz, Pennsylvania. The property, situated on 10.8 acres at 517 Airport Rd, 17543, boasts 14 loading docks and ceiling heights ranging from 16 to 30 feet. Built in 1940 and renovated in 1955, this single-tenant building is currently 100% occupied under a 15-year absolute NNN lease with a reputable tenant. The lease includes annual rent bumps of 2.0% and four, 5-year lease options. The property offers a compelling 8.70% cap rate with a Net Operating Income (NOI) of $461,800 and an asking price of $5,308,046. This sale-leaseback structure provides a secure, long-term income stream with built-in growth potential. The tenant is an established company with a strong track record and significant experience in the construction industry. The property's location in Lancaster County provides excellent access to major transportation routes. This is a rare opportunity to acquire a high-quality industrial asset with a stable, long-term tenant.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lititz
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.2974
- Latitude
- 40.1152
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA
