4291 Delta RdAirville, PA 17302

  • Retail properties
  • 2.84 AC
For Sale
$2,012,124 View listing

Property Details for 4291 Delta Rd

Lot size
2.84 AC
Property type
Retail properties
Property subtype
Retail space
APN
34-000-DO-0092.00-00000
APU
34000DO00920000000

Description

This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General Plus store, constructed in 2024, situated on a 2.84-acre lot at 4291 Delta Road, Airville, PA 17302. The property boasts a 7.25% cap rate and a strong net operating income (NOI) of $145,879. This is a single-tenant, absolute NNN lease with a corporate guarantee from Dollar General, a Fortune 500 company with an investment-grade credit rating. The lease features a remaining term of approximately 14.4 years, extending to March 29, 2039, with built-in 10% rent bumps at each option period. The property enjoys excellent visibility and accessibility along a major road, with limited competition from other similar retailers (the nearest competitor is over six miles away). Dollar General Plus stores are larger than standard locations, offering expanded cooler/freezer capacity for perishable goods. The asking price is $2,012,124. This is a Class A retail property offering a secure, long-term investment with significant upside potential. The property benefits from its location in York County, Pennsylvania.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $28,069,118
    6.5%
    $25,909,956
    7%
    $24,059,244
  • Comparable approach

    Method
    Valuation
    Relative Method
    $23,904,782
    Geo Method
    $19,612,142
  • Alternative Use

    Use
    Valuation
    Residential
    $21,856,016
    Hospitality
    $20,019,994
    Educational
    $16,656,400
    Medical
    $17,229,240
    Retail
    $25,909,956
4291 Delta Rd, Airville, Pennsylvania

Location Insight

City
Airville
County
York
State
Pennsylvania
Latitude
39.8018
Longitude
-76.3666
CBSA code
49620
CBSA name
YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,239
$40,780
-
$40,780
-
$40,780
-
$40,780

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