154 N DuPont Hwy - Service Station FOR SALE


New Castle, DE 19720
$5,714,286 USD
202-847-4200
154 N DuPont Hwy, New Castle, DE for Sale
$5,714,286 USD
Service Station - FOR SALE
1/7
null | 5.25% Cap Rate

154 N DuPont Hwy
New Castle, DE 19720


HIGHLIGHTS

  • Long Term Ground Lease
  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Corporate Store
  • Outstanding Location
  • Strong Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a Dash In ground lease located at 154 N Dupont Highway in New Castle, Delaware (“the Property”). Dash In commenced a 20-year Absolute NNN Ground Lease in 2023 and has 17+ years remaining on their primary lease term with four (4), 5-year renewal options. The lease calls for attractive 10% rent increases every five years throughout the primary lease term and the start of each renewal option. Dash In occupies a prime position along North Dupont Highway, a key commercial and commuter corridor, where it benefits from strong frontage, visibility, and convenient access. The Property is located directly across from the entrance to Wilmington Airport, generating consistent traffic from both local residents and regional travelers throughout the day. Situated within a growing trade area, the site is surrounded by a mix of national and regional retailers and restaurants that benefit from the airport’s presence and ongoing development in the corridor. The Property also offers excellent regional connectivity, with convenient access to US Route 202 and Interstate 95, Interstate 295, and Interstate 495, allowing for efficient travel to Wilmington, Philadelphia, Baltimore, and Washington, DC.

FOR SALE DETAILS

PRICE

$5,714,286 USD

PRICE/SF

$1,695 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dash In

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,582 SF

ZONING

CR

APN/PARCEL ID

10-024.00-043

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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