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4009 S Dupont Hwy
Dover, DE 19901
Retail Property For Sale
Investment Highlights
- Proximity to Dover Air Force Base
- Excellent Access and Visibility Along the Morning Commuter Side of the S Dupont
- Growing Retail Corridor Excellent Demand from National Retailers
- Newly Constructed Build-to-Suit with Strong Corporate Guaranty
- Net Lease with Upcoming Rental Escalation & Roof Warranty
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in a single-tenant Starbucks in Dover, DE (the “Property”). The Property consists of a 2,200-square-foot freestanding building that sits on a large 1.20-acre parcel of land that fronts Dupont Hwy. The Property is 100% occupied by Starbucks who is operating under a passive net lease with landlord responsibilities limited to the building’s structure and parking lot. The lease also features an upcoming 10% rental escalation in year 6 offering investors a hedge against inflation.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
C
Year Built
2022
Price
$3,323,244 CAD
Price Per SF
$1,510.57 CAD
Cap Rate
6.07%
NOI
$201,721 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.20 AC
Zoning
BG
Property Taxes
| Parcel Number | 7-00-09415-04-1600-000 | Improvements Assessment | $1,617,148 CAD |
| Land Assessment | $651,846 CAD | Total Assessment | $2,268,994 CAD |
Property Taxes
Parcel Number
7-00-09415-04-1600-000
Land Assessment
$651,846 CAD
Improvements Assessment
$1,617,148 CAD
Total Assessment
$2,268,994 CAD
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