Excellent property in an ideal location currently leased to a quality tenant, River Rock Academy, on a triple net lease through 6/30/2030 + Tenant has one 5-year option. Price reflects a 6.2% cap rate (Est. NOI of $202,597.68). Lease includes annual CPI increases to base rent. The 15,277sf single story building is situated on a 3.2 acre, mostly impervious, site, with 192 parking spaces. Well maintained, fully sprinklered, gas heat and central air, covered outside patio area in the rear, 3 glass door entrances, nicely finished, windows in all perimeter walls and several interior rooms with glass and sidelights. NO SIGN ON THE PROPERTY. TENANT IS AN OPERATING SCHOOL WITH STUDENTS PRESENT DURING THE DAY. DO NOT VISIT THE PROPERTY DURING SCHOOL HOURS OR SPEAK WITH ANY STAFF.
PALA2042956
Other
EAST HEMPFIELD TWP
LANCASTER
1994
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3.2
Acres
Gas Water Heater
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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