3970 Carlisle RdDover, PA 17315

For Sale
$3,223,900

High-yield NNN retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a brand-new, single-tenant, net-leased retail property occupied by Mavis Discount Tires. Located at 3970 Carlisle Rd, Dover, PA 17315, this 6,730 square foot building sits on a 3.15-acre lot and boasts a prominent location along Carlisle Road, a major thoroughfare connecting Dover to York and Dillsburg. Constructed in 2023, the Class A property features a 15.1-year lease commencing October 30, 2023, and expiring November 30, 2038, ensuring long-term stability. The current asking price is $3,223,900, representing a compelling 5.75% cap rate with a Net Operating Income (NOI) of $159,500. The 100% occupancy rate and built-in rental increases throughout the lease term provide a secure and attractive return on investment. Mavis Discount Tires, a major national brand with over 2,100 retail locations, demonstrates the strength and stability of this tenant. This property offers a rare opportunity to acquire a high-quality, net-leased asset with a strong tenant and significant long-term growth potential in a thriving Pennsylvania market. The property's strategic location and the tenant's established brand provide a compelling investment proposition for discerning buyers seeking a stable, high-yield return.

Highlights

  • Mavis Tire, a national brand with over 2,100 locations, occupies the property.
  • A new, long-term lease demonstrates tenant commitment to the site.
  • Built-in rental increases throughout the base and option terms provide strong investor returns.
  • Excellent location on high-traffic Carlisle Road (State Route 74) in the rapidly growing Dover, PA market, near York, PA.

Property Details for 3970 Carlisle Rd

Property type
Other retail properties, Other nnn properties
Square Feet
6,730 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
137,214 SF

Location Insight

City
Dover
County
York
State
Pennsylvania
Latitude
39.992452185713
Longitude
-76.841841841096
3970 Carlisle Rd, Dover, Pennsylvania

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3970 Carlisle Rd
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