1300 Veale Rd - Restaurant FOR SALE


Wilmington, DE 19803
$1,145,000 USD
302-983-2113
1300 Veale Rd, Wilmington, DE for Sale
$1,145,000 USD
Restaurant - FOR SALE
1/3
null | Request Cap Rate

1300 Veale Rd
Wilmington, DE 19803


HIGHLIGHTS

  • Long term tenant. Strong demographic. Active day and night time traffic.
  • Lighted intersection. Directly across from new Dunkin. 1+ mile from I95.
  • North Wilmington locations are in demand and short on supply.
  • Lease information attached. Demographics attached.

OVERVIEW

+- 2,396 sf Restaurant w ample parking and long term tenant, located at the intersection of Marsh and Veale Road in desirable North Wilmington, approx 1 mile from I95 and close to PA line. High density residential population and retail/commercial businesses abound in this active suburban area. Lease information attached. Demographics attached. Please respect the tenant's business and DO NOT approach the tenant or their employees. Original Lease Commenced: 02/2016? Current Lease Term: 01/2025 - 12/31/2037 Current Rent: $75,531.00 Rent Increases: 3% per annum NNN Lease: Tenant Pays All Expenses, incl Utilities, Maintenance & Repair, Property Tax, Property Insurance.

FOR SALE DETAILS

PRICE

$1,145,000 USD

PRICE/SF

$478 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Leased Investment Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

CN

APN/PARCEL ID

06-081.00-054

ASK ABOUT THIS PROPERTY

Jody AmatoR & R Commercial RealtyMore Info
302-983-2113

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

Jody AmatoR & R Commercial RealtyMore Info
302-983-2113

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