1262 Lititz PikeLancaster, PA 17601

For Sale
Call for price

High-performing retail center in Lancaster, PA

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • 202,790 square foot shopping center in Lancaster, PA.
  • Anchored by Walgreens, Dollar Tree, Advanced Auto Parts, LA Fitness, and Staples.
  • Strong tenant roster with complementary merchandising mix and high occupancy.
  • Excellent location with regional connectivity and strong demographics.
  • Located in a densely populated area with high average household income.

Location Insight

City
Lancaster
County
Lancaster
State
Pennsylvania
Latitude
40.061081753221
Longitude
-76.308602341973
1262 Lititz Pike, Lancaster, Pennsylvania

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1262 Lititz Pike
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