4008 N DuPont Hwy - Retail FOR SALE


New Castle, DE 19720
$3,625,000 USD
980-498-3293
4008 N DuPont Hwy, New Castle, DE for Sale
$3,625,000 USD
Retail - FOR SALE
1/7
null | 4% Cap Rate

4008 N DuPont Hwy
New Castle, DE 19720


HIGHLIGHTS

  • Ownership benefits from a corporately guaranteed ground lease. Chick-fil-A is one of the most sought after QSR chains in the country
  • Absolute NNN ground lease affords zero landlord responsibilities and a completely passive investment

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of the new 20-year Chick-fil-A ground lease located at 4008 North Dupont Highway in New Castle, Delaware. This 5,389 SF property sits atop roughly two acres with frontage along N Dupont Highway (34,900 VPD). The property is located two miles from downtown Wilmington, and just three miles north of the Wilmington airport, with direct access along N Dupont Highway. The asset benefits from its proximity to the highway interchange of I-95, I-295, and I-495, Delaware’s major commuter roadways that see 182,000 VPD in aggregate and is positioned as an outparcel to a newly constructed CubeSmart Self Storage facility. The submarket is further complemented by an array of national and daily needs cotenants such as Lowe’s and Wawa, among many others. Chick-fil-A executed a long term 20-year Abs NNN Ground Lease with rent commencing in October of 2024. The lease features 10% rent escalations every 5 years and throughout its eight (8), five (5) year options. Chick-fil-A is currently paying $145,000 with the next escalation in November 2029. This unique offering presents an excellent opportunity for an investor to acquire a newly constructed asset leased to a best-in-class tenant.

FOR SALE DETAILS

PRICE

$3,625,000 USD

PRICE/SF

$673 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.51 AC

LAND SF

283,679 SF

ZONING

-

APN/PARCEL ID

10-005.30-113

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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