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26371877
29434276

25-27 Grand Ave, Red Lion, PA 17356

BH
PA PA RS335804
Marcus & Millichap - Philadelphia
KM
PA RSR005297, MD 5009118 (+2)
Marcus & Millichap - Baltimore
JH
PA RS376105
Listed by Marcus & Millichap - Philadelphia, Marcus & Millichap - Baltimore
$1,625,000
361 days on market
Updated 37 days ago

25-27 Grand Ave | 8.01% CAP | $130,200 NOI | NNN Lease

Details
APN 82-000-01-0213.00-00000
Property Type Industrial
Sub Type Distribution, Manufacturing (+1)
Square Footage 62,300
Net Rentable (SqFt) 62,300
Cap Rate 8.01%
NOI $130,200
Occupancy 69.67%
Tenancy Single
Brand/Tenant York Guard Shack
Lease Type NNN
Lease Term 2
Remaining Term 2
Rent Bumps Yes
Lease Options Two, 1-Year Options
Pro-Forma Cap Rate 8.25%
Pro-Forma NOI $134,016
Price per SqFt $26
Year Built 1937
Year Renovated 2025
Stories 2
Acreage 1.810
Zoning I-Industrial, C-Commercial
Parking Spaces 71 spaces
Parking Per SqFt 1.14
Investment Type Owner/User
Occupancy Date 03/19/2026
Ceiling Height 8'-9" to 18'-4"
Loading Docks 2
Sale Condition Sale for leaseback

25-27 Grand Ave | $130,200 NOI | 8.01% Cap | NNN | 3% Annual Increases | 18,900 SF for Lease Up

Marketing description

Marcus & Millichap is pleased to exclusively present 25-27 Grand Avenue in Red Lion, PA — rare opportunity to acquire a high-utility, 62,300 Square Foot industrial building situated on a 1.81-acre site in the thriving South Central Pennsylvania corridor. The property is to be delivered with a Sale-Leaseback from York Guard Shack, a consistently performing business founded in 2010. The remainder of the property is perfect for a Owner/User or an Investor that can achieve upside by leasing out the remaining space while enjoying the income from York Guard Shack. Please see the following pages for specifics of the Lease and Terms.

The building had brand-new roofs installed in May and August 2025, a flat rubber roof and a pitched architectural shingle roof. The property features two well-maintained, interconnected buildings with convenient internal pass-through corridors, ensuring seamless workflow between spaces. The layout includes two loading docks and six drive-in bays, clear heights ranging from 13'-0" to 18'-4" on the ground floor, offering easy access for large-scale operations and logistics. The robust masonry, brick, and wood construction is designed to withstand the demands of industrial use, while being equipped with 3-phase heavy power to support a wide range of operations. Approximately 6% of the property is dedicated to office space, providing ample room for administrative or management functions. The industrial zoning allows for a variety of uses, further enhancing the property’s appeal to a diverse set of industries. Additionally, the property boasts over 70 parking spaces, offering more than enough room for both employees and visitors. The parking lot is zoned commercially, located on the corner of Main Street and Grand Avenue with over 0.6 Acres of striped spaces, providing flexibility for additional use or development.

Strategically located just minutes from Route 24 and Interstate 83 on Main Street in Red Lion, the property provides immediate access to key regional markets such as York, Harrisburg, Lancaster, and Baltimore. With strong demand and tightening supply across the region, this asset is positioned to benefit from the sustained migration of industrial users into secondary Pennsylvania markets. This property is suitable whether you’re an Owner-User looking for a well-located facility or an investor seeking in-place income and additional value-add in a high-demand market.

Investment highlights

  • 8.01% Cap Rate Year 1

  • $130,200 NOI Year 1

  • 8.25% Cap Rate Year 2

  • $134,106 Cap Rate Year 2

  • 18,900 SF Available to Lease Up at Market Rate

  • Approximate Lease Comparables $3.38/SF NNN to $9.25/SF NNN

  • 62,300 SF RBA

  • 13'-0" to 18'4 Clear Height Ground Floor

  • 2 Dock Doors and 6 Drive In Doors

  • Brand New Roofs Installed in May and August 2025

Listing Contacts

BH
PA PA RS335804
Marcus & Millichap - Philadelphia
KM
PA RSR005297, MD 5009118 (+2)
Marcus & Millichap - Baltimore
JH
PA RS376105
Listed by Marcus & Millichap - Philadelphia, Marcus & Millichap - Baltimore

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,200.00
$10,850.00/mo

Valuation Metrics

0
DSCR
8.01%
Cap Rate
8.01%
ROI

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Additional Information

Name
Timothy Stephenson
License
PA RMR006104
Title
Broker of Record
Name
Brian Higgins
License
PA RS335804
Brokerage
Marcus & Millichap
Brokerage Phone
2155317093
Brokerage Address
2005 Market Street
Name
Kyle Malin
License
RSR005297
Brokerage Phone
302.750.7610
Name
Jack Hamilton
License
RS376105
Brokerage
Marcus & Millichap
Title
Associate
Brokerage Address
2005 Market Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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