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Views: 108 DOM: 205 Updated: 09.10.24 Posted: 04.09.24 Status: Active

Summary

Price $6,250,000
Built/Renov 1993
Tenant Boyd Corporation
Cap Rate 8.08%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 51,120
Lease Start 08-01-1997
#Units 40
Price/SF $122.26
Expiration 01-31-2026
Tenant Type Industrial
NOI $504,772
R. Term 1.3
Ownership Fee Simple
Rent/SF $9.87
Increases 0.0%/0/yrs
Pop 5Mi 170,002
Lot/AC 4.08
Options 0/0yrs
AHHI 5Mi $86,290

Lease Highlights

  • Boyd Corporation has been operating in this location since 1997
  • The tenant has 1+ year remaining on the current lease term 
Favorable NN+ lease with landlord responsible for roof only
  • Corporate guarantee (NYSE: GS)
  • Investment grade tenant (S&P: A+)

Location Description

Boyd Corporation is strategically located on U.S. Route 30, with access to 68,663 vehicles passing by daily. Additionally, it enjoys visibility from U.S. Route 222, with a substantial traffic count of 51,730 VPD. The 5-mile trade area is supported by a population of 170,002 residents with an average household income of $86,290. Lancaster is a city in and the county seat of Lancaster County,...

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Maps

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Tenant

About Tenant

B oyd Corporation stands as a global leader in engineered materials and thermal management solutions, catering to diverse industries such as electronics, transportation, aerospace, and medical...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 10,569 99,632 182,844
2023 Total Population : 10,529 97,960 179,943
2023 Employed Civilian Pop : 5,807 51,087 93,676
2023 Total Businesses : 699 5,260 7,888
2023 Average Household Income : $ 123,667 $ 101,043 $ 107,628
2023 Total Consumer Spending : $ 419 M $ 3309 M $ 6475 M
2023 Median Age : 43 38 40
2023 Total Households : 3,946 37,767 69,602
2023 Pop Age 25+: Bachelor's Degree : 2,257 16,678 30,800
2023 Average Home Value : $ 332,498 $ 306,503 $ 315,262
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US Hwy 30 2022 18,185 0.07 mi
US Hwy 30 2022 7,387 0.19 mi
Meetinghouse Ln 2022 6,938 0.22 mi
Leona Ave 2022 19,213 0.24 mi
Eden Road Bible School Rd 2021 6,791 0.24 mi
Bible School Rd 2022 300 0.29 mi
Bible School Rd 2022 300 0.29 mi
Bible School Rd 2022 300 0.35 mi
Brentwood Ave 2022 300 0.36 mi
Taylor Dr 2022 300 0.38 mi

Listing Broker

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