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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
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
Building Size
14,820 SF
Building Class
C
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)
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Walgreens began in 1901 on Chicago's South Side, when pharmacist Charles R. Walgreen Sr. opened a neighborhood drugstore that grew into a national chain. Walgreens later combined with Alliance Boots to form Walgreens Boots Alliance, bringing together retail pharmacy, pharmaceutical wholesaling, and healthcare services under one business. Walgreens Boots Alliance operates an integrated healthcare, pharmacy, and retail model spanning U.S. and international operations, with businesses centered on prescription filling, consumer health products, beauty items, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-000-03-0038.00-00000 | Improvements Assessment | $901,240 |
| Land Assessment | $434,620 | Total Assessment | $1,335,860 |
Property Taxes
Parcel Number
24-000-03-0038.00-00000
Land Assessment
$434,620
Improvements Assessment
$901,240
Total Assessment
$1,335,860
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