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Description

Net lease opportunity for the local investor - Papa John's has been a fixed brand at this site for over 23 years. Next nearest Papa John's location over 4 miles away. Current lease extension runs through 2028 with a 5-year renewal option. Rent increases 2% annually, including option term. Tenant responsible for all expenses except roof and structure. Freestanding commercial building with 21-car parking lot and pylon signage on Columbia Avenue with exposure to over 15,000 cars per day. See Agent for site package and lease details.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Paula Cashion | Keller Williams Central Delaware. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-18T12:56:24.24.
www.paulacashion.com/homes/121202871
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1800 Columbia Avenue LANCASTER, PA 17603

  • Price: $776,695
  • Status: Active
  • Updated: 49 min ago
  • ID#: PALA2005050
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1966
Built
Neighborhood:
Manor Twp (10541)
County:
Lancaster
Area:
Manor Twp (10541)
School District:
Penn Manor
Property Description
Net lease opportunity for the local investor - Papa John's has been a fixed brand at this site for over 23 years. Next nearest Papa John's location over 4 miles away. Current lease extension runs through 2028 with a 5-year renewal option. Rent increases 2% annually, including option term. Tenant responsible for all expenses except roof and structure. Freestanding commercial building with 21-car parking lot and pylon signage on Columbia Avenue with exposure to over 15,000 cars per day. See Agent for site package and lease details.
Exterior Features

Construction Materials Stucco Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 1296.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 1296.00

Property Features

Accessibility Features Other Assessment Year 2021 Business Type Other/General RetailRestaurant/Bar Central Air YN Yes Cooling Fuel Electric Cross Street Dickinson Ave Heating Fuel ElectricNatural Gas Hot Water Electric Municipality Manor Twp Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 801024852240 Ownership Interest Fee Simple Possession SettlementSubject To Existing Lease Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 6168.00 Tax Assessment Amount 287900.00 Vacation Rental YN No Water Source Public Zoning General Commercial

Listing courtesy of Nai Commercial Partners, Inc..


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Paula Cashion | Keller Williams Central Delaware. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-18T12:56:24.24.
 
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Paula Cashion | Keller Williams Central Delaware
1671 S. State Street
Dover DE, 19901