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1223 E. Chocolate Avenue 1223 E. Chocolate Avenue, Hershey, PA 17033
Property Description
We are proud to present this fully leased mixed-use property in the highly desirable Hershey market. Property consists of a total of 2,850 SF of space including a 1,400 SF first floor retail space, 1BR apartment, garage/workshop, and off-street parking. Tenant mix includes a personal services user in year 2 of a 3-year lease with two 5-year options, and legacy tenants in the second floor apartment and garage. Currently offered at a 7.2% cap rate; potential for increased yields with rent escalations and shifting terms for tenants to NNN. Great keystone property for a new owner portfolio or augmenting an existing mixed use investment strategy.
Highlights
Fully leased mixed-use property with a diverse tenant mix
Highly desirable location just minutes from downtown Hershey
Value-add opportunity in lease structure
Great starter investment or portfolio addition
County: Dauphin
Property ID: 835344