106 Geoffrey Dr - Freestanding FOR SALE


Newark, DE 19713
$7,338,817 USD
332-345-4202
106 Geoffrey Dr, Newark, DE for Sale
$7,338,817 USD
Freestanding - FOR SALE
1/2
null | 6% Cap Rate

106 Geoffrey Dr
Newark, DE 19713


HIGHLIGHTS

  • Double-Net (NN) Lease | Minimal Landlord Responsibilities
  • Original Fifteen (15)-Year Lease
  • Rental Increases of Ten Percent (10.00%) Every Five (5) Years

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a BluePearl Pet Hospital located at 106 Geoffrey Drive, Newark, DE 19713. The site consists of roughly 23,547 rentable square feet of building space on an estimated 3.13-acre parcel of land. This BluePearl Pet Hospital is subject to a 15-year Double Net (NN) lease, which commenced 4/5/2020. The current annual rent is $440,329 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$7,338,817 USD

PRICE/SF

$312 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BluePearl Pet Hospital

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

131

LAND DETAILS

LAND ACRES

3.13 AC

LAND SF

136,343 SF

ZONING

CR, White Clay Creek

APN/PARCEL ID

09-018.00-063

ASK ABOUT THIS PROPERTY

Judson KauffmanNNN Pro GroupMore Info
332-345-4202

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Judson KauffmanNNN Pro GroupMore Info
332-345-4202

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.