1300 Veale Rd - Restaurant FOR SALE


Wilmington, DE 19803
$1,145,000 USD
302-983-2113
1300 Veale Rd, Wilmington, DE for Sale
$1,145,000 USD
Restaurant - FOR SALE
1/3
null | Request Cap Rate

1300 Veale Rd
Wilmington, DE 19803


HIGHLIGHTS

  • 1300 Veale Road is home to a long-term tenant. It is surrounded by strong demographics and see active day and night time traffic.
  • Highly visible and easily accessible at the signalized a intersection, directly across from a brand-new Dunkin. 1+ mile from Interstate 95.
  • North Wilmington locations are in demand and short on supply.
  • Please see the attachment to review the lease and demographics information.

OVERVIEW

1300 Veale Road is a 2,396-square-foot restaurant with ample parking and a long-term tenant. It is located at the signalized intersection of Marsh and Veale Road in the desirable North Wilmington suburb, approximately one mile from Interstate 95 and close to the Pennsylvania state line. The surrounding area has a high-density residential population, and retail/commercial businesses abound in this active suburban area. Please see the attached lease information for more information on the tenant's term and demographics. Please respect the tenant's business and DO NOT approach the tenant or their employees. Original Lease Commenced: 02/2016(?) Current Lease Term: 01/2025 - 12/31/2037 Current Rent: $75,531.00 Rent Increases: 3% per annum NNN Lease: The Tenant Pays All Expenses, including Utilities, Maintenance and repair, Property Tax, and Property Insurance.

FOR SALE DETAILS

PRICE

$1,145,000 USD

PRICE/SF

$478 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Leased Investment Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

CN

APN/PARCEL ID

06-081.00-054

ASK ABOUT THIS PROPERTY

Jody AmatoR & R Commercial RealtyMore Info
302-983-2113

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Jody AmatoR & R Commercial RealtyMore Info
302-983-2113

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.