Commercial Real Estate in 19901 available for sale
Dover Post Offices For Sale

Post Offices for Sale within 50 kilometers of 19901, Dover, DE, USA

More details for 2525 Augustine Herman Hwy, Chesapeake City, MD - Retail for Sale

South Village II - 2525 Augustine Herman Hwy

Chesapeake City, MD 21915

  • Post Office
  • Retail for Sale
  • $9,708,025 CAD
  • 11,986 SF

Chesapeake City Retail for Sale - Cecil County

South Village is a 100% leased Retail Center and is located just south of the C&D Canal with strong traffic patterns and great access and visibility to Augustine Herman Highway. The center is oriented in 4 separate buildings including a drive through configuration on the north most building. There is a diverse mix of tenants that operate within this center. Full details are available with a completed confidentiality agreement. Please do not contact or disturb the tenants. This is one of two retail properties that can be purchased individually or as a package.

Contact:

Rinnier Development Company

Property Subtype:

Freestanding

Date on Market:

2022-11-08
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More details for 2 E Market St, Greenwood, DE - Specialty for Sale

Greenwood Post Office - 2 E Market St

Greenwood, DE 19950

  • Post Office
  • Specialty for Sale
  • $1,290,549 CAD
  • 2,692 SF

Greenwood Specialty for Sale - Sussex County

The Greenwood Post Office recently executed a new five-year Lease. The building was built as a post office approximately 50 years ago and the U.S. Postal Service has been renewing the lease every five years ever since. The post office is located at the center of town next to the Greenwood Town Hall and the Greenwood Library. We anticipate that the U.S. Postal Service will continue to renew the lease every five years. The current annual rent is $59,762 ($4,980.17 per month). The lease is nearly a triple net lease (NNN), with the only expenses being paid by the landlord are insurance, roof/structural repairs and other minor repairs. In 2022 the unreimbursed landlord expenses paid were $2,007. In 2023 the unreimbursed landlord expenses paid were $4017, although $1,002 were for capital expenses. To calculate a projected 2024 Net Operating Income (NOI) the landlord expenses of 2022 and 2023 were averaged, which translates to $3,062. Deducting this amount from the current annual rent of $59,762 results in a projected 2024 NOI of $56,700. At a 5% cap rate with an NOI of $56,700 the purchase price is $1,134,000.

Contact:

Setting Properties

Property Subtype:

Post Office

Date on Market:

2024-08-15
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United States Post Offices Delaware Dover 19901

Post Offices For Sale

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