Dover Retail for Sale - Kent County
This offering presents a 4.16-acre fee simple property along Dupont Highway (Route 13) in Dover, Delaware, featuring a longstanding corporate tenancy with White Cap Supply Holdings. The site is fully occupied under a NN lease structure, with a reliable income stream supported by a national operator. The current NOI averages approximately $191,784 over the past two years, translating into a cap rate of 6.18%, providing steady returns for investors seeking security and minimal landlord responsibility.
The property benefits from over 400 feet of frontage on SR 13, a heavily trafficked corridor with an average of 33,000 vehicles per day, ensuring visibility and accessibility. Improvements total 5,827 SF, divided between office/retail, warehouse, and a small dwelling structure, offering flexibility of use within the BG (General Business) zoning. Infrastructure includes on-site well, septic, propane gas, and electric service through Delaware Electric Cooperative.
Located minutes from downtown Dover and in close proximity to major employers such as Dover Air Force Base and state government offices, this property sits within a market characterized by stable population metrics and rising industrial demand. The surrounding area supports a mix of retail, service-based businesses, and residential enclaves, making this an established hub for necessity-driven commerce.
White Cap Just exercised first renewal option at market rate.
2 more 5 year options remaining
