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.