3970 Carlisle RdDover, PA 17315

Property Details for 3970 Carlisle Rd

Year built

1934

Construction

METAL FRAME

Lot size

0.95 AC

Property size (Sq ft)

1,628 SF

Zone code

C

Property type

Retail properties

Property subtype

Auto shops

APN

24-000-KF-0146.00-00000

APU

24000KF01460000000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $510,596

  6.5%

  $471,319

  7%

  $437,654

• Comparable approach

  Method

  Valuation

  Relative Method

  $419,024

  Geo Method

  $258,092

• Alternative Use

  Use

  Valuation

  Residential

  $397,576

  Hospitality

  $364,177

  Educational

  $302,991

  Medical

  $313,411

  Retail

  $471,319

Location Insight

City

Dover

County

York

State

Pennsylvania

Latitude

39.9921

Longitude

-76.842

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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