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.