147 Gettysburg Pike - Service Station FOR SALE


Mechanicsburg, PA 17055- West Shore/Mechanicsburg
$5,981,818 USD
781-776-4003
147 Gettysburg Pike, Mechanicsburg, PA for Sale
$5,981,818 USD
Service Station - FOR SALE
1/8
null | 5.5% Cap Rate

147 Gettysburg Pike
Mechanicsburg, PA 17055
West Shore/Mechanicsburg


HIGHLIGHTS

  • New Construction
  • Long Term Lease
  • Attractive Rent Increases
  • Zero Management Responsibilities
  • Investment Grade Credit
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee-simple condominium interest in a single-tenant, freestanding 7-Eleven located at 147 Gettysburg Pike in Mechanicsburg, Pennsylvania (the “Property”). The new construction 7-Eleven features a state-of-the-art convenience store with 16 fueling stations and a fuel island canopy. 7-Eleven has a new 15-year Absolute NNN Lease that currently has over 14 years of term remaining followed by three (3), 5-year renewal options. The lease features attractive 10% rent increases every 5 years throughout the primary lease term and at the start of each renewal option. The Property is well located at the signalized intersection of Gettysburg Pike and South Market Street, directly off of US Route 15. In addition to the 7-Eleven, the intersection is home to a brand-new construction Chick-fil-A and Taco Bell. The Property is less than 2-miles from the junction of US Route 15 and Interstate 76, which is surrounded by significant commercial complexes featuring industrial and manufacturing facilities, major business operations, several schools and government facilities.7-Eleven is a short drive to Silver Spring Square, a large outdoor shopping complex anchored by Target and Wegman’s, as well as Silver Spring Commons featuring a Walmart Supercenter and Sam’s Club. Mechanicsburg is just 8 mile southwest of Harrisburg, the state capital of Pennsylvania.

FOR SALE DETAILS

PRICE

$5,981,818 USD

PRICE/SF

$1,196 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.12 AC

LAND SF

92,347 SF

ZONING

-

APN/PARCEL ID

42-28-2419-018 U1

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.