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Chambersburg Hyundai 2018 & 2024 Lincoln Way

31,240 SF Retail Building Chambersburg, PA 17202 £7,845,616 (£251/SF) 7.25% Net Initial Yield

Investment Highlights

  • Long Term NNN-Sale Leaseback | The site will be subject to a new 20-year lease commencing at close of escrow.
  • 20 Years of Renewal Options | There are 4, 5-year renewal options, with the potential of a 121% rental increase over 40 years.
  • Attractive Rental Increases

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
31,240 SF
Building Class
B
Year Built
2024
Price
£7,845,616
Price Per SF
£251
Net Initial Yield
7.25%
NOI
£568,807
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Land Acres
5.26 AC
Parking
24 Spaces (0.77 Spaces per 1,000 SF Leased)
Frontage
342 ft on Lincoln Way East

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 10-0D05-086-000000
  • 10-0D05-085-000000
Land Assessment
£18,226
Improvements Assessment
£218,324
Total Assessment
£236,550
  • Listing ID: 32971713

  • Date on Market: 27/08/2024

  • Last Updated:

  • Address: 2018 & 2024 Lincoln Way, Chambersburg, PA 17202

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