Listed by Northmarq - Chicago
$2,425,000
Starbucks
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,200
Units 1
NOI $145,757
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN
Lease Term 10
Lease Expiration 07/31/2032
Remaining Term 6.2
Lease Options View OM for Details
Year Built 2022
Buildings 1
Stories 1
Acreage 1.200
Investment Type Net Lease
Lease Commencement 08/01/2022
Ground Lease No
Ownership Fee simple (land/building)
Retail | 2,200 SqFt
Marketing description
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.
Investment highlights
Proximity to Dover Air Force Base
Newly Constructed Build-to-Suit with Strong Corporate Guaranty
Excellent Access and Visibility Along the Morning Commuter Side of the S Dupont
Net Lease with Upcoming Rental Escalation & Roof Warranty
Growing Retail Corridor Excellent Demand from National Retailers
Across from The Reserve on East - 192-Unit Multifamily Development
Listing Contacts
Listed by Northmarq - Chicago
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$145,757.00
$12,146.42/mo
Valuation Metrics
0
DSCR
6.01%
Cap Rate
6.01%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
