2110 Spring Valley RdLancaster, PA 17601

For Sale
$2,082,000

High-yield, NNN-leased CVS in Lancaster, PA

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 13,225 square foot CVS Pharmacy located at 2110 Spring Valley Road, Lancaster, PA 17601. The property boasts a strong 8.75% cap rate and a substantial net operating income (NOI) of $182,167. Built in 2009, this single-tenant, absolute NNN leased property offers a remaining lease term of approximately 11 years, with multiple options to extend, providing long-term stability and predictable cash flow. The lease commenced September 13, 2010, and expires October 31, 2035. The property sits on a 0.35-acre lot and is zoned GC (General Commercial). The asking price is $2,082,000, translating to a price per square foot of $157.43. This drive-thru equipped location benefits from a highly visible, signalized corner intersection within a dense medical office building corridor, adjacent to a grocery outlet center, and close to Park City Center. The property features a 100% occupancy rate and offers zero landlord responsibilities, making it an ideal, low-maintenance investment. Lease extension options include one (4-year, 3-month) and four (5-year) options, further solidifying the long-term value of this asset. The property's APN is 290-01920-0-0000. This investment is well-suited for out-of-state investors seeking a passive income stream with minimal management requirements.

Highlights

  • 11 Years Remaining on Lease Term
  • Absolute NNN Lease; No Landlord Responsibilities
  • High-Visibility Corner Location with Drive-Thru, in Dense Medical Office Building Corridor near Grocery-Anchored Center and Park City Center
  • Strong Demographics within a 5-Mile Radius

Property Details for 2110 Spring Valley Rd

Property type
Other retail properties, Individual retail properties
Square Feet
13,225 SF
Year Built
2009
Lot Size (sq. ft)
15,246 SF

Location Insight

City
Lancaster
County
Lancaster
State
Pennsylvania
Latitude
40.0629206
Longitude
-76.3585732
2110 Spring Valley Rd, Lancaster, Pennsylvania

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2110 Spring Valley Rd
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