For Sale
$395,000

250 Cherry AlyElizabethtown, PA 17022

High-Yield Retail Property, Excellent Lease

Overview

Added:
Feb 3
Days on market:
60
This exceptional investment opportunity presents a freestanding retail building situated at 250 S. Cherry Alley in Elizabethtown, Pennsylvania. The property encompasses approximately 2,683 square feet on a 0.16-acre lot and benefits from a prime location within the Central Business District. Currently occupied by Papa John's Pizza under a recently renewed five-year lease, this property offers significant long-term stability. The lease includes two additional five-year options, ensuring consistent rental income. A substantial 10% rent increase is built into the lease agreement following the initial term. The building itself boasts a newly installed roof and sealant, completed in 2022 and covered by a 10-year warranty, minimizing future maintenance concerns. Ample parking is available, with eight private spaces on the property and approximately 40 additional municipal parking spaces nearby. This triple net lease structure minimizes landlord responsibilities, making this a low-maintenance, high-return investment. Offered at $395,000, this property represents a compelling investment opportunity in the thriving Lancaster County market. The strong tenant, long-term lease, and minimal landlord responsibilities make this an attractive option for investors seeking a stable and profitable addition to their portfolio.

Property Details for 250 Cherry Aly

Property type
Retail properties
Year Built
1960
Lot Size (sq. ft)
6,970 SF

Location Insight

City
Elizabethtown
County
Lancaster
State
Pennsylvania
Latitude
40.14791
Longitude
-76.60289
250 Cherry Aly, Elizabethtown, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
250 Cherry Aly
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message