Walgreens York PA $4.8M 8.8 CAP Near Hospital 2101 S Queen St

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