1655 Columbia Ave - Auto Repair FOR SALE


Lancaster, PA 17603- Outer Lancaster
$2,800,000 USD
203-887-8797
1655 Columbia Ave, Lancaster, PA for Sale
$2,800,000 USD
Auto Repair - FOR SALE
1/2
null | 6.25% Cap Rate

1655 Columbia Ave
Lancaster, PA 17603
Outer Lancaster


HIGHLIGHTS

  • Recently Signed 15-Year Lease Extension
  • Attractive 10% Rental Increases Every 5 Years
  • Limited Landlord Responsibilities

OVERVIEW

Surmount is pleased to present the exclusive listing for a Mavis Discount Tire located at 1655 Columbia Ave, Lancaster, PA. The site consists of roughly 2,548 rentable square feet of building space on an estimated 0.57-acre parcel of land. This Mavis Discount Tire is subject to a 15-year Double Net (NN) lease, which expires 5/31/2040. The current annual rent is $175,000 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$454 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Discount Tire

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

HC

APN/PARCEL ID

290-01818-0-0000

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

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Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.