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Walgreens | Dover, PA 3180 Carlisle Rd 14,820 SF Retail Building Dover, PA 17315 $4,200,000 ($283.40/SF) 10% Cap Rate

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Investment Highlights

Absolute NNN lease with ~5 years remaining and corporate Walgreens guaranty; no landlord responsibilities
Signalized corner with excellent visibility and 27,000+ VPD
6 miles from York with easy access to Route 30 and I-83

14,820 SF drive-thru on 2.13 acres with strong residual value and redevelopment potential
Positioned on Carlisle Road, a primary retail corridor with national tenants
90K+ population within 5 miles, strong incomes, and continued growth

Executive Summary

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Walgreens located in Dover, Pennsylvania, represents a rare opportunity to acquire a fee simple, absolute NNN-leased asset occupied by Walgreens (Walgreen Eastern Co., Inc.), one of the nation’s most recognized retail pharmacy operators. The property features a long-term, corporately guaranteed lease structure, offering passive ownership with no landlord responsibilities, capital expenditures, or maintenance obligations.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,820 SF

Building Class

Year Built

2006

Price

$4,200,000

Price Per SF

$283.40

Cap Rate

10%

NOI

$420,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.16

Lot Size

2.07 AC

Zoning

CM - 373 - Retail - Single Occupancy

Parking

55 Spaces (3.73 Spaces per 1,000 SF Leased)

Signage

Major Tenants

Retailer
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Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.