4291 Delta RdAirville, PA 17302
- Retail properties
- 2.84 AC
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
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
Comparable in this City
Similar Nearby for Sale
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