2101 S Queen St - Drug Store FOR SALE


York, PA 17403- Tyler Run-Queens Gate
$4,818,170 USD
619-297-0055
2101 S Queen St, York, PA for Sale
$4,818,170 USD
Drug Store - FOR SALE
1/3
null | 8.8% Cap Rate


HIGHLIGHTS

  • ±61.8M square feet of industrial space in 10-mi radius including companies such as Amazon, Starbucks, DHL, FedEx, and Post.
  • Within a 2 mile radius there are 8 senior housing facilities totaling approximately ±388,898 square feet.
  • Interstate 83 is blocks from the Property with a traffic count of ±79,000 vehicles per day.
  • Within a 3-mile radius, the average household income is $81,069 and the population is 153,292 residents in a 5-mile radius.
  • Located 2 miles northwest is WellSpan York Hospital, a teaching hospital with 593 beds and over 5,000 medical staff and employees.
  • Two blocks south is York County School of Technology with ±1,700 students and ±120 staff.

OVERVIEW

We are pleased to market for sale the Walgreens property located at 2101 South Queen Street in York, Pennsylvania ("The Property"). Walgreens has been successfully operating at this location for 19 years and has over 4 years of firm term remaining before 10 (5-year) option periods on an absolute net lease with no landlord obligations whatsoever. Strategically located across the street from CVS, the Property is one of two national freestanding drugstores servicing the immediate dense medical corridor which includes multiple major medical institutions. Located 2 miles northwest of the Property, WellSpan York Hospital houses over 593 beds and 5,000 medical professionals and is the largest hospital in the York market. Additionally, the Property draws a strong customer base from the 8 senior housing facilities within 2 miles, totaling over 388,000 square feet of assisted living space. York is considered a strategic and emerging industrial region. Due to its central location, and proximity to major interstate highways, York is home to distribution and manufacturing facilities of major companies such as Amazon, Starbucks, DHL, FedEx, and Post. There is over 61.8 million square feet of industrial space within a 10-mile radius of the Property. The area has seen significant population growth of 15.7% since 2000 with over 153,000 residents within a 5-mile radius of the Property. The Property benefits from its highly visible location with frontage on South Queen Street and over 30,000 vehicles per day. The Property is located adjacent to the ingress and egress for Interstate 83. With over 79,000 vehicles per day, Interstate 83 serves as the primary route from Baltimore to the south through Harrisburg to the north. Listed in conjunction with Brian Brockman, Bang Realty, wg@bangrealty.com, 513.898.1551, PA DRE Lic. RM432816

FOR SALE DETAILS

PRICE

$4,818,170 USD

PRICE/SF

$336 USD /SF

CAP RATE

8.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens York PA $4.8M 8.8 CAP Near Hospital

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

CM

APN/PARCEL ID

54-000-04-0087.00-00000

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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