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Advance Auto Parts 101 Laurel Rd 6,787 SF 100% Leased Retail Building Millsboro, DE 19966 $5,003,964 CAD ($737.29 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Established Advance Auto Parts – On the main thoroughfare along Dupont Blvd (Hwy 20) the dominant hard corner in Millsboro DE.
- Located in Millsboro – a growing market, supported by strong sectors in retail, healthcare, tourism, and construction.
- A plethora of national and regional retailer draws includes Food Lion, Dunkin, WAWA and many others, creating additional synergy.
- With roughly 8 years of remaining lease term Advance Auto Parts is a thriving retailer providing necessity based retail goods to the local consumer.
- Well-situated on the main thoroughfare along Dupont Blvd on dominant thoroughfare and hard corner of Millsboro.
- Affluent, growing trade area (out to 15+ miles), highlighted by an average household income of $86,607 within 10 miles of the property.
EXECUTIVE SUMMARY
Broker of Record
Chris Castagno
License # RM-0000432 (DE)
Location Realty Advisors, LLC
621 Delaware Street, Suite 100, New Castle, DE 19720
(866) 889-0550
Chris Castagno
License # RM-0000432 (DE)
Location Realty Advisors, LLC
621 Delaware Street, Suite 100, New Castle, DE 19720
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
6,787 SF
Building Class
C
Year Built
2010
Price
$5,003,964 CAD
Price Per SF
$737.29 CAD
Cap Rate
5.50%
NOI
$275,218 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.15
Lot Size
1.07 AC
Zoning
TN
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 133-17.17-18.00 | Improvements Assessment | $65,140 CAD |
| Land Assessment | $7,391 CAD | Total Assessment | $72,531 CAD |
PROPERTY TAXES
Parcel Number
133-17.17-18.00
Land Assessment
$7,391 CAD
Improvements Assessment
$65,140 CAD
Total Assessment
$72,531 CAD
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Advance Auto Parts | 101 Laurel Rd
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