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Property profile & analytics
OFF-MARKET
Auto shops

3970 Carlisle Rd Dover, PA 17315-3506

1,628 SF 0.95 ac lot Built 1934
Entity Owned 3-yr Hold
Property ID
US73-1050665
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1934
Construction METAL FRAME
Total area 1,628 SF
Lot 0.95 ac (41,426 SF)
Zoning code C
APN 24-000-KF-0146.00-00000
UPID US73-1050665
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jlm Real Estate Investments LLC · 3 yrs held
Jlm Real Estate Investments LLC
since 2023
Last sale
$225,000
5 recorded transactions
2023
Price N/A
2023
Price N/A
2023
$225,000
2012
$127,000
2005
$126,900
Zoning & alternative use
C · Dover, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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