Off Market
Mavis Discount Tire
3970 Carlisle Rd, Dover, PA 17315
Investment Opportunity
The Offering
Bennett Williams is pleased to exclusively offer for sale a single tenant net-leased Mavis Tire investment property in Dover, Pennsylvania. The tenant, Mavis Tire Supply LLC will operate under a new NNN lease with a fifteen-year term. Mavis Tire currently operates over 2,100 retail store locations throughout the United States. Headquartered in Millwood, New York, The Mavis Brand is one of the largest independent multi-brand dealers in the United States. The subject property is strategically situated along Carlisle Road, which acts as the main corridor and takes consumers East to downtown York and West to Dillsburg. This location gives Mavis Tire a billboard like presence in the market.
Investment Highlights
→ Mavis Tire currently operates over 2,100 retail store locations in the United States
→ Tenant showed its commitment to the redevelopment site by signing a brand new, long term lease.
→ Rental Increases in the base term, as well as the option terms give an investor a solid return over the lease term.
→ The property is ideally positioned along Carlisle Road (State Route 74) in Dover, PA, a rapidly growing suburb of York, PA.
The Details
Square Footage:
6,730 SF
Property Type:
Freestanding
Price:
$2,658,333.33
Investment Type:
Single Tenant
Tenancy:
Single
Cap Rate:
6%
The Location
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