38169 DuPont Blvd - Freestanding FOR SALE


Selbyville, DE 19975
$7,932,835 USD
302-588-9857
38169 DuPont Blvd, Selbyville, DE for Sale
$7,932,835 USD
Freestanding - FOR SALE
1/5
null | 8.5% Cap Rate

38169 DuPont Blvd
Selbyville, DE 19975


HIGHLIGHTS

  • Tenant: Rite Aid (Corporate Guaranteed) (NYSE: RAD)
  • Lease Type: NNN (Triple Net Lease)
  • Lease Term Remaining: 7± years on the base term (May 31, 2030)
  • Double Drive-Thru Location
  • Hard Corner Signalized Intersection
  • Zero Landlord Responsibilities

OVERVIEW

KW Commercial proudly presents a corporate guaranteed single tenant NNN leased property, fully occupied by Rite Aid. - This exceptional asset is located in the heart of Selbyville, DE, strategically positioned on a hard corner signalized intersection. It benefits from an impressive traffic count of over 20,000 vehicles daily, ensuring maximum visibility to passing motorists and pedestrians. - With a favorable base term lease period of 7± years remaining, this property provides stability and the potential for solid returns. Its prime positioning on a bustling route enhances its investment appeal, making it an ideal choice for discerning investors. - 6 - 5 Year Option Periods 10% Increases Every 10 Years 6/1/2030: $741,720.32 6/1/2035: $741,720.32 6/1/2040: $815,892.35 6/1/2045: $815,892.35 6/1/2050: FMV 6/1/2055: FMV

FOR SALE DETAILS

PRICE

$7,932,835 USD

PRICE/SF

$541 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

GC

APN/PARCEL ID

533-16.11-1.00

ASK ABOUT THIS PROPERTY

Brenda RomeusKW CommercialMore Info
302-588-9857

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Brenda RomeusKW CommercialMore Info
302-588-9857

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