Chambersburg Hyundai | 2018 & 2024 Lincoln Way
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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
Parcel Numbers | Improvements Assessment | £218,324 | |
Land Assessment | £18,226 | Total Assessment | £236,550 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£18,226
Improvements Assessment
£218,324
Total Assessment
£236,550
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Chambersburg Hyundai | 2018 & 2024 Lincoln Way
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