For Sale
$5,308,046

517 Airport RdLititz, PA 17543

High-yield warehouse, 15-year lease, 8.7% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 115,450 square foot warehouse in Lititz, Pennsylvania. The property, situated on 10.8 acres at 517 Airport Rd, 17543, boasts 14 loading docks and ceiling heights ranging from 16 to 30 feet. Built in 1940 and renovated in 1955, this single-tenant building is currently 100% occupied under a 15-year absolute NNN lease with a reputable tenant. The lease includes annual rent bumps of 2.0% and four, 5-year lease options. The property offers a compelling 8.70% cap rate with a Net Operating Income (NOI) of $461,800 and an asking price of $5,308,046. This sale-leaseback structure provides a secure, long-term income stream with built-in growth potential. The tenant is an established company with a strong track record and significant experience in the construction industry. The property's location in Lancaster County provides excellent access to major transportation routes. This is a rare opportunity to acquire a high-quality industrial asset with a stable, long-term tenant.

Highlights

  • 115,450 SF warehouse on 10.8 acres in Lititz, PA.
  • 14 loading docks, 16-30' ceiling heights.
  • 100% occupied under a 15-year absolute NNN lease with 2% annual rent increases and four 5-year options.
  • 8.70% cap rate, $461,800 NOI, $5,308,046 asking price.

Property Details for 517 Airport Rd

Property type
Warehouses, Industrial properties
Square Feet
115,450 SF
Year Built/Renovated
1940/1955
Buildings
1
Lot Size (sq. ft)
470,448 SF

Location Insight

City
Lititz
County
Lancaster
State
Pennsylvania
Latitude
40.1158384
Longitude
-76.2973638
517 Airport Rd, Lititz, Pennsylvania

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517 Airport Rd
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