Mavis Discount Tire

Carlisle St, Hanover, PA 17331

For Sale: $2,272,727

6,400 SF

Mavis Discount Tire

Carlisle St, Hanover, PA 17331

For Sale: $2,272,727

6,400 SF

Property Details


Building Size:

6,400 SF

Property Type:

Freestanding

Price:

$2,272,727

Sale Type:

Single Tenant

Tenancy:

Single

Cap Rate:

5.5%

Traffic Counts:

Carlisle St: 21,475 VPD

Population:

3 Miles: 33,234
5 Miles: 61,524
7 Miles: 79,008

Building Status:

New Construction

Investment Highlights


  • Mavis Tire is one of the largest independent multi-brand tire dealers in the United State, headquartered in Millwood, New York.
  • Mavis Tire currently operates over 900 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 Street and within close proximity to other major thoroughfares in the market, as well as major retail developments, making it the ideal spot for a retailer.

Project Description


Bennett Williams is pleased to exclusively offer for sale a single tenant net-leased Mavis Tire investment property in Hanover, Pennsylvania. The tenant, Mavis Tire Supply LLC will operate under a new NNN lease with a fifteen-year term. Mavis Tire currently operates over 900 retail store locations throughout the United States. Headquartered in Millwood, New York, Mavis Tire is one of the largest independent multi-brand tire dealers in the United States. The subject property is strategically situated along Carlisle Street, which is one of the fastest growing corridors in the Hanover, PA market. This location gives Mavis Tire a billboard like presence in the market.

Property Location:



{39.82688050218688,-76.99979079762268}

Brokers

Adam Hagerman

Retail Sales & Leasing
717.843.5555 x235

717.870.6932

ahagerman@bennettwilliams.com

Brad Rohrbaugh
Brad Rohrbaugh
Executive VP, Retail Director 717.843.5555

717.891.7368

brohrbaugh@bennettwilliams.com

Chad Stine

President & CEO
717.843.5555

717.968.7505

cstine@bennettwilliams.com

More Info