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Excellent property in an ideal location currently leased to a quality tenant, River Rock Academy, on a triple net lease through 6/30/2030 + Tenant has one 5-year option. Price reflects a 6.2% cap rate (Est. NOI of $202,597.68). Lease includes annual CPI increases to base rent. | The 15,277sf single story building is situated on a 3.2 acre, mostly impervious, site, with 192 parking spaces. Well maintained, fully sprinklered, gas heat and central air, covered outside patio area in the rear, 3 glass door entrances, nicely finished, windows in all perimeter walls and several interior rooms with glass and sidelights. NO SIGN ON THE PROPERTY. TENANT IS AN OPERATING SCHOOL WITH STUDENTS PRESENT DURING THE DAY. DO NOT VISIT THE PROPERTY DURING SCHOOL HOURS OR SPEAK WITH ANY STAFF.
| DAYS ON MARKET | 464 | LAST UPDATED | 2/14/2025 |
|---|---|---|---|
| YEAR BUILT | 1994 | COMMUNITY | East Hempfield Twp (10529) |
| COUNTY | LANCASTER | STATUS | Sold |
| PROPERTY TYPE(S) | Commercial |
| School District | HEMPFIELD |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | East Hempfield Twp (10529) |
| CONSTRUCTION | Block |
| HEAT | Forced Air, Natural Gas |
| LOT | 3.2 acre(s) |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Parking Lot |
| TAXES | 33205.72 |
| WATER | None |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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